Comfort Commotrade Limited Receives Order from State Tax Authority, Plans Appeal
Comfort Commotrade Limited announced on March 28, 2026, that it received a recovery order from the Assistant Commissioner of State Tax in Mumbai. The order, issued under Section 79(1)(c)(i) of the SGST Act, 2017, directs the company to pay a sum of Rs. 2,25,19,203, comprised of tax, interest, and penalty, to the government.According to a communication received on March 27, 2026, the order pertains to the financial year 2020-21. Comfort Commotrade Limited stated that it believes the order does not align with its contentions and is currently preparing to file an appeal.
The company is assessing the financial implications of the order but currently does not anticipate a material financial impact. A breakdown of the demand is as follows:
| Particulars | Amount (Rs.) |
|---|---|
| Tax | 78,92,749 |
| Interest | 67,33,705 |
| Penalty | 78,92,749 |
| Total | 2,25,19,203 |
Comfort Commotrade Limited’s Company Secretary and Compliance Officer, Sakshi Shah, disclosed the information in compliance with Regulation 30(13) of the Listing Regulations. Further details are available on the company's website at www.comfortcommotrade.com.
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