Nilkamal settles CGST audit demand, minimal financial impact reported

Nilkamal Limited announced on September 12, 2025, that it has settled an audit report from the Office of the Commissioner of CGST (Audit), Gurugram. The audit, conducted under Section 65(6) of the CGST Act, 2017, covered the financial years 2019-20 to 2023-24 and identified a mismatch in input tax credit (ITC).

The company incurred a total demand of INR 432,942, comprising INR 260,905 in tax, INR 168,057 in interest, and a penalty of INR 3,980. Nilkamal confirmed that it has fully paid the demand and received the final audit report.

Despite the demand and payment, Nilkamal stated that the order has no material impact on its financial or operational activities. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.