Saint‑Gobain Sekurit India receives tax order of ₹42.6 million

Tax order disclosure and company response  
Saint‑Gobain Sekurit India Ltd [BSE: 515043], a leading manufacturer of automotive safety glass, informed stock exchanges that the Income Tax Department has issued a demand order of ₹42.6 million. The company clarified that it is currently examining the order and intends to pursue legal remedies, including filing an appeal before the relevant authorities.  

The management emphasized that the demand notice does not have any immediate material impact on its ongoing operations or financial stability. The disclosure was made in compliance with SEBI’s listing regulations, ensuring transparency for investors and stakeholders.  

Major takeaways  

• Saint‑Gobain Sekurit India receives tax order of ₹42.6 million for AY 2018–19  
• Company reviewing the order and plans to appeal before authorities  
• No immediate material impact on operations or financials  
• Disclosure made in compliance with SEBI and exchange regulations  
• Transparency maintained for investor confidence amid ongoing review  

Sources: NSE Corporate Filings, BSE Announcements, Business Standard