Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Sapphire Foods India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactSapphire Foods India Limited has received a favorable order from the Assistant Commissioner regarding a show cause notice amounting to INR 977.06 million under the Tamil Nadu SGST Act 2017. The order, dated 23rd and 26th June 2026, dismissed the demand, stating that the company correctly availed eligible input tax credit and had no excessive input tax credit availment. There are no applicable changes in litigation involving key management personnel or promoters.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 3.7% of FY26 revenue
₹97.71 Cr stated in the filing against ₹2,624.54 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:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%