General Updates

The company has received a Show Cause cum Demand Notice from the Office of the Commissioner, Nagpur, alleging a tax demand of ₹12.28 crore related to the classification of its "Snack Pallet" and "Extruded Snacks." The notice claims the products were misclassified under HSN 21069090 instead of the correct HSN 19059030. Gopal Snacks believes it has a strong case to appeal this order and will contest the allegations before the appellate authority.

The potential financial impact is significant, but the company remains optimistic in its defense strategy.

Investors should monitor this situation closely as developments may affect the company’s operational outlook.