Madhav Copper Limited Updates Status of GST Appeal, Confirms No Operational Impact
Madhav Copper Limited provided an update on its tax assessments, confirming that the company filed an appeal regarding an order passed by the CGST/SGST authorities. The company stated that the order is not expected to impact its financial or operational activities.The update references a previous disclosure made by the company on January 19, 2026, when Madhav Copper Limited had informed the market about receiving an Assessment Order in Form GST DRC-07 under Section 74 of the Central Goods and Services Tax Act, 2017.
In its latest communication, the company noted that it filed an appeal dated March 10, 2026, challenging an Order passed by the CGST/SGST authorities. According to Madhav Copper Limited, the issuance of the aforementioned order is not anticipated to cause any impact on the company's financial, operational, or other activities.
The company's update addresses the status of the ongoing tax assessment matter, reinforcing its confidence that its core business operations remain unaffected by the appeal process.
MCL Stock Price Movement
On Friday, Madhav Copper Limited shares slipped by 1.23%, settling at ₹63.5 as the market wrapped up trading. The stock saw a volume of 22,702 shares recorded during the session.Source:
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