Powerica Limited Receives GST Recovery Demand Notice from MIDC for FY 2026-27
Powerica Limited has received a demand notice from the Maharashtra Industrial Development Corporation (MIDC) regarding the recovery of GST for past periods related to Fiscal Year 2026-27. The communication was received by the company on June 05, 2026.The MIDC issued the recovery notice demanding GST along with interest totaling Rs. 5,67,694.87/-.
According to the details provided regarding this statutory matter, key aspects of the communication are as follows:
| Particular | Detail |
|---|---|
| Authority Notifying | Maharashtra Industrial Development Corporation (MIDC) |
| Type of Communication | Demand for Recovery of GST for the Past Period |
| Date of Receipt | June 05, 2026 |
| Applicable Financial Year | FY 2026-27 |
| Recovery Amount | Rs. 5,67,694.87/- |
The company stated that there is no material impact on the financials or operations of Powerica Limited due to this Demand Notice. No aberrations or penalties were identified by the authority in the received communication.
In response to the matter, the company has indicated that it is currently in the process of deciding an appropriate course of action regarding the GST recovery demand from MIDC.
POWERICA Stock Price Movement
Shares of Powerica Limited today slipped by 2.9% to settle at ₹499.80. The stock completed the session trading within a range of ₹492.65 and ₹522.60, with 373,198 shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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