Withdrawal of Notices issued to Directors under the APGST Act, 2017
Kirloskar Brothers Limited announces the withdrawal of demand notices issued to its directors under the Andhra Pradesh GST Act, 2017, resolving a tax arrears claim.
The withdrawal of the notices removes a potential liability for the company, but the overall financial impact appears to be limited.
The withdrawal of the demand notices is a positive development for the company, resolving a previously disclosed litigation matter.
* Kirloskar Brothers Limited (KBL) announced the withdrawal of demand notices issued to its directors under the Andhra Pradesh GST Act, 2017. * The notices, dated 21 January 2025, claimed tax arrears of ₹15,48,06,528 for the year 2023-24 related to a transaction by the IVRCL-KBL-MEIL (JV) Hyderabad. * A subsequent demand notice dated 5 August 2025 claimed tax arrears of ₹15,48,02,928 for the year 2017-18. * KBL had filed a Writ Petition on 12 August 2025 challenging the demand notice, and the High Court granted an interim stay on 20 August 2025. * The Deputy Assistant Commissioner of State Tax has now withdrawn the demand notices, as per an endorsement letter dated November 20, 2025, received by the company on the same day.
What to do with a filing like this
Kirloskar Brothers Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Kirloskar Brothers Limited. Read the original for the full detail.