TETriveni Engineering & Industries532356Tax or GST

GST penalty of ~Rs.22.92 lakh imposed on Shamli Sugar Unit; company to file appeal

Triveni Engineering & Industries Ltd disclosed that the Office of the Assistant Commissioner, CGST Division Shamli, imposed a penalty of ~Rs.22.92 lakh on its Shamli Sugar Unit (erstwhile Sir Shadi Lal Enterprises Ltd.) by order dated 19.

By ScoutQuest · Mon 19 Oct 2026, 6:27 PM IST · 2 min read

Penalty amount

~Rs.22.92 lakh

Order date

19 October 2026

Alleged period

FY 2020-21 and 2021-22

What was disclosed

• The Office of the Assistant Commissioner, CGST Division Shamli passed an order dated 19 October 2026.
• A penalty of ~Rs.22.92 lakh was imposed under the Central Goods & Service Tax Act, 2017 and the Uttar Pradesh Goods & Service Tax Act, 2017.
• The order relates to the Shamli Sugar Unit, which the update describes as erstwhile Sir Shadi Lal Enterprises Ltd.

What the demand is based on

• The update states the demand has been confirmed based on the allegation that the Company issued a tax invoice without actual supply of goods during FY 2020-21 and 2021-22.
• The update uses the words allegation and confirmed; it does not describe the company as having accepted the finding.

What the company plans to do

• The company has stated it intends to litigate and file an appeal before the Commissioner against the said order.
• The date of receipt of the order is given as 19 October 2026.

Impact stated in the update

• On impact, the update states there is no impact on the financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible.

How a retail investor can read this

• A penalty order of this kind is a negative development on the face of it, but the company's stated position is that its financials and operations are not affected in a quantifiable way.
• Because the company intends to appeal, the matter moves to the appellate stage and the final position depends on that outcome.
• The penalty amount, ~Rs.22.92 lakh/, is the one figure in the update that lets an investor size the matter.
• Future company disclosures would be the place to track how the appeal proceeds.

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