Aeroflex Enterprises Subsidiary Faces Demand Order from Central GST Commissionerate
Aeroflex Enterprises Limited reported an order received by its subsidiary, Aeroflex Industries Limited (AIL), from the Office of the Superintendent, Central GST Commissionerate, Raigad. The matter concerns the input tax credit pertaining to expenses incurred during the Initial Public Offering (IPO) and related matters for the tax period spanning from April 2021 to March 2024.The order was issued under Section 74 of the CGST Act 2017 and rules made thereunder. According to details provided by AIL, the authority raised a demand amounting to Rs. 3,59,70,285/- plus a penalty of Rs. 3,59,70,285/-, resulting in a total amount of Rs. 7,19,40,570/-.
The order was made with the reference number ZD270426055354B and Statement/SCN Reference Number ZD271124023695G. The documentation was uploaded on the GST Portal on April 07, 2026, and AIL became aware of the order on April 08, 2026.
Financial and operational impact is detailed as follows:
| Particular | Detail |
|---|---|
| Authority Name | Office of the Superintendent, Central GST Commissionerate, Raigad |
| Demand Amount | Rs. 7,19,40,570/- (Rs. 3,59,70,285/- demand + Rs. 3,59,70,285/- penalty) |
| Tax Period | April 2021 to March 2024 |
| Date of Order | April 07, 2026 |
Regarding the potential impact on AIL's activities, the company stated that it intends to file an appeal before the Appellate Authority within the prescribed time limit under the law. AIL expressed confidence in a favorable outcome, noting that it does not anticipate the order having a material financial impact on AIL.
AEROENTER Stock Price Movement
Today, Aeroflex Enterprises Limited stock rallied, settling at ₹78.27 after gaining 3.83% in post-market trading. The equity saw a total volume of 411,896 shares traded during the session.Source:
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