Aeroflex Industries Limited has received an order from the Office of the Superintendent, Central GST Commissionerate, Raigad. The order raises a demand of ₹3,59,70,285 plus a penalty of ₹3,59,70,285, totaling ₹7,19,40,570. The issue pertains to input tax credit on expenses related to the company's Initial Public Offering (IPO) and other related matters for the tax period between April 2021 and March 2024. The order, issued under Section 74 of the CGST Act 2017, was uploaded to the GST portal on April 7, 2026, and came to the company's knowledge on April 8, 2026. The reference number for the order is ZD270426055354B and the SCN/Statement Reference Number is ZD271124023695G, dated April 7, 2026. Aeroflex Industries intends to file an appeal before the Appellate Authority, expressing confidence in a favorable outcome and stating that the order is not expected to have a material financial impact on the company.
