Raghuvir Synthetics Receives ₹2.24 Cr GST Show Cause Notice

Raghuvir Synthetics Ltd has received a Show Cause Notice from the Directorate General of GST Intelligence and the GST Department regarding GST proceedings for FY 2020-21 to FY 2024-25. The notice, dated August 18, 2026, and received on August 19, 2026, alleges violations related to the availment and utilization of Input Tax Credit (ITC). The aggregate amount of tax, interest, and penalty stated is ₹2,24,20,454. The company believes ITC was appropriately availed and sees no material impact on operations. This is a continuation of earlier disclosures made on August 11, 2026.