DOMS Industries faces penalty over CGST documentation

DOMS Industries Limited announced on October 24, 2025, the receipt of a show cause notice dated October 21, 2025, from the Office of State Taxes Officer, Kashmir. The notice, issued under Section 129(3) of The Central Goods and Services Tax Act, 2017 (CGST Act), alleges contraventions of Section 129(1) of the CGST Act due to inadequate documentation for goods in transit.

The notice details that goods were transported without sufficient documents, leading to an alleged violation of the CGST Act. Consequently, a penalty of ₹35,51,578 has been levied on the company. DOMS Industries confirmed that it received the notice on October 22, 2025, and has since filed a response within the prescribed time limit.

Despite the penalty, the company stated that there is "no material impact" on its financial, operations, and other activities due to the notice. This disclosure adheres to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.