Symphony has announced a significant reduction in its GST liabilities following a favourable order from the Additional Commissioner Grade-2 (Appeals), Judicial Division-III, State Tax, Lucknow, Uttar Pradesh. The order, dated 22 April 2026, has reduced the company’s GST, penalty, and interest demands to ₹28,162 from an original demand of ₹2,64,93,374 for the financial year 2017-18.
The GST Department has entirely dropped the interest liabilities amounting to ₹2,64,65,208, which were previously raised in an order dated 22 February 2024. This development comes as a relief to Symphony, as there is no material impact on the company’s financials, operations, or other activities.
The order was received on 23 April 2026 and is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Symphony had previously communicated with the GST Department regarding this matter on 28 February 2024.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).