Legal10 Mar 2026, 06:42 pm
Inspirisys Solutions: SEBI LODR Regulations Dispute Demands Dropped, Saving Rs. 1.27 Crores
AI Summary
Inspirisys Solutions Ltd. has announced that two appeals filed by the Joint Commissioner (Intelligence), State Goods and Services Tax Department, Ernakulam, against Order Nos. KVATA-933/2017 and 934/2017 have been heard by the Kerala Value Added Tax Appellate Tribunal, Ernakulam. The final order, received on March 10, 2026, has dropped the demands of Rs. 51.61 lakhs and Rs. 75.93 lakhs, originally pertaining to the financial years 2013-2014 and 2014-2015, respectively.
Key Highlights
- Inspirisys Solutions Ltd. has announced the dismissal of two appeals filed by the Joint Commissioner (Intelligence), State Goods and Services Tax Department, Ernakulam.
- The appeals were filed against Order Nos. KVATA-933/2017 and 934/2017, pertaining to the financial years 2013-2014 and 2014-2015, respectively.
- The demands of Rs. 51.61 lakhs and Rs. 75.93 lakhs have been dropped following a final order received on March 10, 2026.
- The dismissal of the appeals and the subsequent dropping of demands will save Inspirisys Solutions Ltd. approximately Rs. 1.27 crores.
- This development is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule Ill, Part A, Para B, and SEBI Circular No. SEBI/HO/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.