Emami Limited Receives Tax Demand Notice; Plans to Challenge in Higher Forum

Kolkata, February 5, 2025 – Emami Limited (NSE: EMAMILTD, BSE: 531162) has disclosed an order from the Additional Commissioner of Central Goods & Service Tax, Delhi, demanding a tax payment under Section 74(1) of the CGST/SGST Act, 2017, and Section 20 of the IGST Act, 2017.

Key Details of the Order:​

• Issuing Authority: Additional Commissioner, Central Goods & Service Tax, Delhi
• Nature of Action: Intimation of tax ascertained as payable under Section 74(1) of CGST/SGST Act, 2017, and Section 20 of the IGST Act, 2017.
• Date of Order: February 5, 2025
• Tax Demand: ₹1,01,64,514 plus applicable interest and penalties.

Company Response:​

Emami Limited has stated that it believes there is strong merit in its case and intends to challenge the order in a higher forum. The company expects a favorable ruling and does not foresee any material impact on its financials, operations, or other activities.

This disclosure aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Outlook:​

While the tax demand amounts to over ₹1 crore, Emami Limited's confidence in a favorable verdict suggests minimal financial risk. Investors will closely monitor further legal proceedings to assess any potential impact on the company’s financial health.