5175692026-10-085175692026-10-08ActionsTakenOrOrdersPassedDomain15175692026-10-08ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15175692026-10-08SignatoriesDomain1iso4217:INRxbrli:pureKEIKEI INDUSTRIES LIMITED517569NOTLISTEDINE878B01027NewAction(s) taken or orders passed (sub-para 20)false2026-10-0716:30:002026-10-08Imposition of fine or penaltyStatutory AuthorityCommissioner, Central Goods & Service Tax (Appeals), Noida, Uttar Pradesh1Listed Entity (Self)KEI INDUSTRIES LIMITEDEMAILOrder for intimation of revised demand of Rs. 2,23,13,702/-and penalty of Rs. 2,23,13,702/- under Section 74(9) of the CGST/UPGST Act, 2017 on Road Restoration charges and set aside the demand with respect to availment of excess input tax credit in GSTR-3B in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue.2026-10-07Order for intimation of revised demand of Rs. 2,23,13,702/-and penalty of Rs. 2,23,13,702/- under Section 74(9) of the CGST/UPGST Act, 2017 on Road Restoration charges and set aside the demand with respect to availment of excess input tax credit in GSTR-3B in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue.FINANCIAL YEAR 2017-18Based on Company’s assessment, the aforesaid demand is not maintainable and the Company is evaluating all options including filing an appeal (GSTAT) against the demand order. The Company did not envisage any relevant impact on financials, operations or other activities of the CompanyFor the financial year 2017-18, the authority has raised GST demand under reverse charge mechanism on road cutting charges , Availing excess input tax credit in GSTR-3B Return in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue of Rs. 321,56,118/-.22313702Reduced Demand of Rs. 2,23,13,702 from Rs. 3,16,63,100 and Penalty of Rs. 2,23,13,702 from Rs. 3,16,63,100 and set aside the demand with respect to availment of excess input tax credit in GSTR-3B in comparison to Input tax credit as per GSTR-2A (Table 8A of GSTR-9) and Interest on delayed billing of unbilled revenue.NOT APPLICABLEBased on Company’s assessment, the aforesaid demand is not maintainable and the Company is evaluating all options including filing an appeal with Goods and Services Tax Appellate Tribunal against the demand order. The Company did not envisage any relevant impact on financials, operations or other activities of the Company.KISHORE KUNALSENIOR VICE PRESIDENT (CORPORATE FINANCE) & COMPANY SECRETARY2026-10-08NEW DELHI