Greenply Industries Limited has received an order dated January 8, 2026, from the Office of the State Tax Officer, Ghatak-10, Ahmedabad, Gujarat. The order pertains to the Financial Year 2019-20 and demands additional tax, interest, and penalty for wrong Input Tax Credit (ITC) availed on ineligible ITC claims.

The total tax demand amounts to ₹9,89,288/-, with an interest of ₹10,66,480/- and a penalty of ₹9,89,288/- imposed. The company received this order on January 8, 2026, at 06:25 PM.

Greenply Industries stated that they have fulfilled all conditions related to ITC availment and believes they have a strong case on merits. The company plans to file a rectification and/or appeal against the order within the prescribed timelines. The company also clarified that there is no material impact on its financial, operational, or other activities as a result of this order.