Gravita India Limited has received a penalty order from the Office of the Assistant Commissioner, Ghaziabad, Uttar Pradesh, under Section 129 of the Goods and Services Tax Act, 2017. The order, dated 16th May, 2026, imposes a penalty of Rs. 1,65,863/- (Rupees One Lakh Sixty-Five Thousand Eight Hundred Sixty-Three Only) on the company. The disclosure was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Nature of the Alleged Violation
According to the regulatory filing, the alleged contravention pertains to a discrepancy in shipping documentation. Specifically, the place of loading mentioned in the documents differs from the actual place of loading. This mismatch formed the basis for the penalty action initiated by the Ghaziabad tax authority under the GST Act, 2017.
Key Details of the Penalty Order
The following table summarises the key particulars of the penalty order as disclosed by the company:
| Parameter: | Details |
| Authority: | Office of Assistant Commissioner, Ghaziabad, Uttar Pradesh |
| Order Date: | 16th May, 2026 |
| Penalty Amount: | Rs. 1,65,863/- |
| Statutory Provision: | Section 129 of the Goods and Services Tax Act, 2017 |
| Nature of Violation: | Place of loading in documents differs from actual place of loading |
| Financial Impact: | No material impact beyond the penalty amount of Rs. 1,65,863/- |
Impact Assessment
Gravita India has stated that the penalty has no material impact on its financial or operational activities, except to the extent of the penalty amount of Rs. 1,65,863/-. The company communicated this development to both BSE Limited and the National Stock Exchange of India Ltd. in compliance with its disclosure obligations under the SEBI Listing Regulations. The filing was signed by Nitin Gupta, Company Secretary (FCS: 9984), on behalf of Gravita India Limited.
