Fujiyama Power Systems Limited has received a Demand Order from the Assistant Commissioner/GST Officer, Ward 52, Zone 3, Delhi, concerning a special audit for the Financial Year 2021-22.

The order, received on December 31, 2025, alleges contravention of certain provisions of the Central Goods and Services Tax (CGST) Act, 2017. The company has been directed to pay an alleged tax demand of ₹3.62 Crores, along with applicable interest of ₹1.95 Crores and a penalty of ₹4.79 Crores, totaling ₹10.36 Crores, by March 31, 2026.

Fujiyama Power Systems Limited is currently evaluating the order, as they believe the demand is not maintainable on merits. The company intends to file an appeal before the appropriate appellate authority within the stipulated time period. Based on their preliminary assessment, the company does not foresee any material impact on its financial position, operations, or business activities.