Solarworld Subsidiary Faces ₹1.22 Cr Penalty Notice

Solarworld Energy Solutions Ltd's wholly-owned subsidiary, Znshine Solarworld Private Limited, has received a Show Cause Notice from the State Tax Office for a proposed penalty of ₹1,22,12,498. The notice, related to a consignment vehicle intercepted for document verification, alleges non-compliance with GST and IGST regulations. The subsidiary has submitted a detailed reply, asserting that vehicle particulars were updated and goods match the Bill of Entry, supported by relevant records and legal precedents. A personal hearing is scheduled for September 24, 2026. The company states the matter is at the show cause stage and is not expected to materially impact its financials or operations.