Plastiblends India wins tax appeal, GST demand set aside

Plastiblends India Limited informed stock exchanges on October 17, 2025, about a favorable outcome regarding a tax demand. The Appellate Authority in Surat, Gujarat, has set aside a Goods and Service Tax (GST) demand that was raised under an impugned order. Communication regarding this decision was received on October 17, 2025, at 2:46 p.m.

The original demand, stemming from a Show Cause Notice issued by the GST Authority for the financial years 2017-18 to 2021-22, proposed a tax of Rs. 9,12,17,065 plus interest and penalty. This demand was in connection with an IGST refund on export supply.

With the demand now set aside, Plastiblends India Limited anticipates no impact on its financial, operational, or other activities. The company requested the exchanges to take this disclosure on record pursuant to Regulation 30 of the SEBI Listing Regulations, 2015.