Mukka Proteins Limited has addressed a GST demand notice received on September 18, 2025, from the State Tax Officer, Porbandar (Gujarat) for FY 2021-22. The company issued a clarification on September 19, 2025, regarding this matter.
The company received an intimation in Form DRC-01A aggregating to approximately ₹141.06 crore, which includes tax, interest, penalty, and late fee.
Based on an internal review and legal advice, the company believes that the demand raised is not legally tenable. It intends to contest the demand vehemently before the appropriate authorities and is confident of obtaining a favorable outcome.
The company has been fully compliant with applicable GST laws and regulations and has paid all its GST dues.
The company has been understood that all the major issues as observed in the intimation are factually incorrect, and reconciliations are already duly disclosed in the returns and Audited Financial Statements. The company has been advised that entire proceedings are not legally sustainable and will pursue all legal remedies and make suitable representations before the appropriate authority.
The company does not expect the demand to have any material impact on its financial position or operations.
The company said it will continue to update the Stock Exchanges and stakeholders on significant developments in this matter, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
