Sapphire Foods India Ltd (SAPPHIRE) — Announcement | 22 September 2026 (2 announcements)

Sapphire Foods India disclosed a show cause notice from the Deputy Commissioner (CT) of Chennai regarding alleged GST violations for FY2023-24, involving a demand of INR 5,168.38 million in tax, interest, and penalty. The company states the claim lacks merit and asserts no material financial impact, though it is evaluating the notice and will respond accordingly.

Sapphire Foods India disclosed a show cause notice from the Deputy Commissioner (CT) of Chennai regarding alleged GST violations for FY 2022-23, involving INR 214.65 million in inadmissible ITC claims. The company states the notice has no material financial impact and is evaluating a response. This regulatory action requires investor awareness of potential compliance risks despite no immediate financial effect.