Lakshmi Electrical Clarifies GST Notice Delay Due to Spam Folder
Lakshmi Electrical Control Systems Ltd has provided a clarification to the stock exchange regarding a delay in filing corporate announcements related to GST Show Cause Notices. The company explained that the notices, received on May 7, 2026, were mistakenly delivered to the spam folder of their email account. The notices were retrieved and verified on June 2, 2026, leading to the immediate filing of the announcement on the same day. The company has assured that such instances will be avoided in the future. The notices pertain to demands of ₹1,56,88,534/- and ₹3,92,93,425/- for financial years 2022-2023 and 2023-2024 respectively, though the company states there is no material impact on its financials.
Key Highlights
- Company clarifies delay in filing GST notices due to email spam folder.
- Notices received May 7, filed June 2, 2026, after retrieval.
- Total GST demands amount to ₹5,49,81,959.
- Company expects no material financial impact from notices.
- Lakshmi Electrical is preparing a reply to the GST authorities.
Price Impact
More from LAKSELEC