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Tax & Penalty19 Sept 2026, 11:00 am

Goldiam International Receives ₹23.5 Cr Property Tax Notice from BMC

AI Summary

Goldiam International Limited has received a property tax notice from the Brihanmumbai Municipal Corporation (BMC) for its premises at SEEPZ, Andheri (East), Mumbai. The demand pertains to the period from April 1, 2010, to March 31, 2026, with an aggregate amount of ₹23,54,86,763 indicated as payable. The company is currently examining the demand and its computation, consulting with legal and professional advisors to assess the impact and determine appropriate legal actions. The ultimate financial impact cannot be conclusively determined at this stage and will be assessed in accordance with applicable law and accounting standards.

Key Highlights

  • Received property tax notice from BMC for SEEPZ premises.
  • Demand amounts to ₹23.54 Crores for the period 2010-2026.
  • Company is examining the demand and consulting legal advisors.
  • Ultimate financial impact is yet to be determined.