Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest announcement is out from Nelco Limited ( (IN:NELCO) ).
Nelco Limited has disclosed that it received an order on 10 March 2026 from the Commissioner of CGST and Central Excise confirming a demand of Rs. 1,414 lakhs, including penalty, for GST liability under the reverse charge mechanism for the period from 1 April 2019 to 31 March 2022. While the tax authority has imposed a penalty of Rs. 707 lakhs as part of this demand, the company has stated that there is no financial impact at this stage and plans to file an appeal or explore other legal remedies, a move that could influence its future cash flows depending on the eventual outcome of the litigation.
More about Nelco Limited
Nelco Limited is an India-based company listed on both BSE and NSE, operating in the technology and communications space. The company focuses on providing network services and solutions, including satellite communication services, to various enterprise and government customers in the Indian market.
Average Trading Volume: 6,300
Technical Sentiment Signal: Hold
Current Market Cap: 13.7B INR
See more data about NELCO stock on TipRanks’ Stock Analysis page.