Skipper’s GST show-cause demand is rectified to Rs. 40.96 crore
As filed · Skipper Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactThe Odisha GST authority rectified the proposed demand in its September 30, 2026 show-cause notice to Rs. 40,95,59,214.00 from Rs. 2,27,53,28,966. Skipper said it considers the rectified demand erroneous, will contest it, and does not accept the proposed liability.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 0.7% of FY26 revenue
₹40.96 Cr stated in the filing against ₹5,552.82 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
WithdrawnOur long-term aspirational margins are 12% for the company.
We are happy that we are moving towards that direction on the right track.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- The ongoing 75,000 MTPA expansion will take our installed capacity to 450,000 MTPA during FY27, while our long (management committed by FY27)
- We are confident this expansion will enable us to scale new heights in the coming fiscal (management committed by FY26)
Evidence
- Skipper Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- The proposed GST exposure has been substantially reduced, but the company continues to face a contested tax proceeding. Skipper states that the demand is not an ascertained liability or expected financial outflow.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%