Rainbow Children's Medicare Limited: Appeal Against GST Demand Notice Disallowed by Principal Commissioner of Customs
Hyderabad: Rainbow Children's Medicare Limited announced on May 8, 2026, the outcome of its appeal concerning a demand notice. The company reported receiving an order from the Principal Commissioner of Customs and Central Tax (Appeals-1), confirming that its appeal was disallowed and the impugned order was upheld.The proceedings relate to a demand notice dated May 29, 2024, which was initially received from the Additional Director, Directorate General of GST Intelligence, Bengaluru Zonal Unit, regarding the CGST Act, 2017.
The company confirmed that the order from the Principal Commissioner of Customs and Central Tax (Appeals-1) was received via post on May 7, 2026.
The company provided the following detailed status updates regarding the proceedings:
| Key Aspect | Development Status |
|---|---|
| Appeal Status | The appeal filed by the company against the demand notice was disallowed, and the impugned order was upheld by the authority. |
| Key Management Personnel Involvement | The proceedings were initiated against the Company, and the matter does not involve any Key Managerial Personnel, Promoter, or Ultimate Person in Control. |
| Settlement Status | There has been no settlement of the proceedings at present. The company remains in the process of preparing an appeal before the appropriate authority. No compensation, penalty, or payment has been made as of date, and the company stated there is no material impact on its financial position or operations at this stage. |
RAINBOW Stock Price Movement
Shares of Rainbow Childrens Medicare Limited are edging higher to ₹1322.4 as of 1:20 PM today, rallying up 2.34% to mark a ₹30.20 gain. The stock sees robust interest in live trading, with 639,975 shares changing hands throughout the session.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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