IRCTC directed to deposit ₹50.41 crore profiteering amount plus 18% interest
As filed · Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates
RegulatoryDeterioratingNotablemateriality 72 out of 100
What happened
FactThe GSTAT’s final order dated 14.10.2026 accepted the DGAP report and rejected IRCTC’s objections in an anti-profiteering matter. IRCTC was directed to deposit ₹50,41,44,461 plus interest at 18% from 28.06.2019 within one month; a further 10% penalty applies if payment is not made within 30 days. IRCTC said it is preferring an appeal before the competent court.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 1.0% of FY26 revenue
₹50.41 Cr stated in the filing against ₹5,214.86 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- The order creates a potential cash outflow of ₹50,41,44,461 plus interest accrued from 28.06.2019, with an additional penalty risk if the required deposit is delayed. The ultimate impact may depend on the appeal IRCTC intends to file.
- Matched on:
- body text (weaker evidence than a subject match)
- Confidence in the event type:
- 50%