EPACK Durable Receives GST Demand Orders Upto ₹19.87 Lakh for Delayed Payments

EPACK Durable Limited has disclosed the receipt of two demand orders from the office of the Deputy Commissioner of Goods and Services Tax Authority, Dehradun, Uttarakhand. These orders, received on June 10, 2025, pertain to interest on delayed payments for the Financial Years 2019-20 and 2020-21, amounting to a total of ₹19,86,926. The company has stated that there is no significant impact on its financial, operational, or other activities beyond the quantifiable monetary demand.

Details of GST Demand OrdersParticulars

Details

Authority

Deputy Commissioner of Goods and Services Tax Authority, Dehradun, UttarakhandNature of Action

Demand of Interest Payment for delayed paymentsAmount for FY 2019-20

₹19,05,654Amount for FY 2020-21

₹81,272Total Demand Amount

₹19,86,926Date of Receipt

June 10, 2025Violation Alleged

Delay in payment

Action DetailsEPACK Durable Limited, a prominent player in its sector, informed the stock exchanges about the demand orders in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The orders specifically relate to interest on Goods and Services Tax (GST) payments that were allegedly delayed during the financial years 2019-20 and 2020-21. The company received these communications from the Deputy Commissioner of Goods and Services Tax Authority located in Dehradun, Uttarakhand. Such disclosures are crucial for maintaining transparency with investors and the broader market regarding any significant regulatory actions or financial liabilities.Financial ImplicationsThe demand orders specify two distinct amounts for the interest on delayed payments. For the Financial Year 2019-20, the demand is for ₹19,05,654. For the subsequent Financial Year 2020-21, an additional demand of ₹81,272 has been raised. Cumulatively, these two demands total ₹19,86,926. While this amount represents a direct financial liability, EPACK Durable has clarified that, apart from this quantifiable monetary impact, the demand orders do not have any further adverse effect on the company's overall financial health, operational activities, or other business functions. This suggests that the company does not anticipate any broader disruption to its ongoing business due to these specific demands.Process and TimelineThe company officially received these demand orders on June 10, 2025. The disclosure to the stock exchanges, BSE and NSE, was made on July 11, 2025, adhering to the timelines stipulated by SEBI regulations for reporting material events. The process typically involves the company reviewing the demand, assessing its validity, and determining the appropriate course of action, which could include payment or challenging the order through legal or administrative channels. The prompt disclosure ensures that all stakeholders are aware of the regulatory development in a timely manner.Shareholder ImpactEPACK Durable's statement regarding the limited impact on its financial and operational activities is a key piece of information for shareholders. The company explicitly mentioned that "There is no impact on financial, operation or other activities of the Company except as quantifiable in monetary terms to the stated in point 2 above." This indicates that the management believes the demand, while a liability, is manageable and does not pose a threat to the company's core business or long-term prospects. For investors, this assessment provides reassurance that the event is a specific, contained financial obligation rather than an indicator of broader operational issues or systemic financial distress.Regulatory ContextThe disclosure was made under Regulation 30, sub-para 20, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to disclose any material events or information that could affect the company's performance or stock price. Furthermore, the disclosure references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which provides detailed guidelines on what constitutes a material event and the manner of its disclosure. Adherence to these regulations underscores EPACK Durable's commitment to corporate governance and transparency, ensuring that the market is kept informed of all relevant developments.