Aether Industries has received a Demand and Show Cause Notice from the Additional Commissioner (AE), CGST & Central Excise Commissionerate, Surat, amounting to ₹4,26,16,311. The notice pertains to the disallowance of tax credit availed over various expenses related to the company’s Initial Public Offer (IPO) during the financial years 2020-21 and 2021-22.
The company disclosed that the demand notice was received on April 23, 2026. Despite the significant financial demand, Aether Industries has stated that this will not have any material implication on its operations. The company plans to submit an appropriate response to the issuing authority.
The notice challenges the tax credits claimed by Aether Industries in connection with expenses incurred for its IPO, a common practice among companies to offset costs against tax liabilities. The total demand includes the principal amount and the interest thereon.
Aether Industries has assured stakeholders that necessary updates and progress regarding this issue will be communicated in due course.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).