AWL Agri Business Limited has received a penalty order of ₹94.11 lakh from the Odisha tax authorities on December 11, 2025, for alleged excess GST refund claims. The company has informed stock exchanges that it plans to appeal the order and does not expect any material impact on its operations or financial position.
Penalty Details
The penalty was issued by the Office of the Deputy Commissioner of State Tax, Cuttack-I City Circle, under Section 73 of the Odisha Goods & Services Tax Act. The order pertains to an alleged excess refund claim under Section 54 of the CGST Act, which the authorities deemed improper.
| Parameter | Details |
| Penalty Amount | ₹94.11 lakh |
| Issuing Authority | Deputy Commissioner of State Tax, Cuttack-I City Circle |
| Legal Provision | Section 73 of Odisha GST Act |
| Order Date | December 11, 2025 |
| Receipt Date | December 11, 2025 |
Company Response and Impact Assessment
AWL Agri Business stated that it intends to challenge the penalty through legal channels, indicating confidence in its position. The company also assessed that the penalty will not have any material impact on its financials, operations, or overall business activities, underscoring that the issue, while significant in absolute terms, is unlikely to affect its broader performance.
Regulatory Compliance and Disclosure
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in line with SEBI Circular No. SEBI/HO/CFO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The communication was signed by Darshil Lakhia, Company Secretary, ensuring proper governance and transparency in informing stakeholders and the investing public about the development.
Summary:
AWL Agri Business Limited received a ₹94.11 lakh GST penalty from Odisha tax authorities on December 11, 2025, for alleged excess refund claims. The company plans to appeal the order and does not foresee any significant impact on its operations or financials. The disclosure was made in compliance with SEBI regulations, highlighting the company’s commitment to transparency and corporate governance.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.