CEAT Limited has received a rectified order from the State Tax Officer, Group -VIII, Intelligence -II Chennai, regarding a GST demand for FY 2019-20 for the state of Tamil Nadu. This is a continuation of an earlier intimation dated March 30, 2026. The revised order, received on June 3, 2026, reduces the confirmed demand from the initially stated ₹4.7 Crore for tax and ₹4.7 Crore for penalty, plus applicable interest, to ₹3.2 Crore for tax and ₹3.2 Crore for penalty, plus applicable interest. The alleged reason for the demand is the availment and utilization of ineligible input tax credit. The Company is exploring the option of preferring an appeal against this rectified order. CEAT Limited believes that there is no material impact on its financials, operations, or other activities due to this matter.
