Jyoti CNC Faces ₹44.6 Million Hit From CGST Order, Financial Exposure Disclosed

Jyoti CNC Automation Ltd, a leading manufacturer of CNC machines, has informed exchanges of a financial liability arising from a CGST order, with the impact estimated at ₹44.6 million. The disclosure was made in accordance with regulatory norms, and the company is currently assessing the order’s implications and exploring remedial measures.

The CGST order pertains to past tax assessments and is expected to be contested through appropriate legal channels. Jyoti CNC emphasized that the matter is under review and that it remains committed to full compliance with tax regulations.

Key highlights from the announcement include:  

• The ₹44.6 million impact includes tax liability, interest, and potential penalties under the CGST framework.
• The company is evaluating legal remedies and may file an appeal against the order in the coming weeks.
• Jyoti CNC has reiterated that the financial exposure is manageable and will not disrupt its operational or expansion plans.
• The company continues to maintain a strong order book and is executing a ₹400 crore capex plan to boost capacity at its Rajkot facilities.

Sources: Jyoti CNC Automation Ltd Investor Disclosures, CNBC TV18, SEBI Filings, Company Financial Reports.