Eventions reports Rs 1.7546 crore in promoter GST proceedings

Eventions Limited has disclosed four goods and services tax, or GST, proceedings involving its promoter with an aggregate amount involved of Rs 1.7546 crore. Two Haryana orders confirmed demands totalling Rs 1.2491924 crore and are under appeal, while a separate Haryana scrutiny and a Delhi matter remain unresolved.

How large are Eventions promoter GST proceedings?

Eventions reports Rs 1.7546 crore across four promoter GST proceedings in its tax-proceedings table. The table classifies the cases as indirect-tax matters and separately lists six tax deducted at source, or TDS, matters of Rs 12.65410 lakh in the promoter’s proprietorship; those TDS matters are not part of the GST amount.

The Rs 1.7546 crore table figure is an amount involved in proceedings, not a statement that the entire sum is a final payable liability. The disclosure distinguishes between a July 30, 2026 Haryana scrutiny where no demand has crystallised, two August 2024 Haryana demand orders under appeal, and Delhi proceedings pending fresh adjudication after a May 7, 2025 High Court order.

The disclosed promoter GST amount exceeds Eventions’ own two GST matters of Rs 17.72 lakh by Rs 1.5774 crore. That comparison separates proceedings involving the promoter from liabilities and notices involving Eventions, which are reported in different rows of the same tax-proceedings table.

Which Eventions promoter GST demands are under appeal?

Eventions says two Haryana GST demand orders, both concerning financial year 2019-20, are under appeal before the appropriate appellate authority. The two orders confirmed Rs 69.84817 lakh and Rs 55.07107 lakh, respectively, producing a combined confirmed amount of Rs 1.2491924 crore.

The first Haryana matter began with a Form GST ASMT-10 scrutiny notice dated May 15, 2024. A Form GST DRC-01 show-cause notice dated May 28, 2024, issued under Section 73 of the Central Goods and Services Tax Act, 2017 and the Haryana Goods and Services Tax Act, 2017, proposed a demand of Rs 88.74249 lakh; a Form GST DRC-07 order dated August 29, 2024 confirmed Rs 69.84817 lakh.

The Rs 69.84817 lakh confirmed in the first case was Rs 18.89432 lakh below the Rs 88.74249 lakh proposed in the May 2024 notice. Eventions says the promoter appealed that order on December 8, 2025, but does not identify the appellate authority’s decision, a hearing date, or any amount paid or stayed.

The second Haryana case also followed a scrutiny-to-demand sequence during 2024. A May 15, 2024 ASMT-10 notice was followed by a June 12, 2024 DRC-01 notice proposing Rs 78.36429 lakh, and an August 28, 2024 DRC-07 order confirmed Rs 55.07107 lakh under Section 73 of the central and Haryana GST laws.

The second confirmed Haryana amount was Rs 23.29322 lakh lower than its Rs 78.36429 lakh proposed demand. Eventions states that this August 2024 order is under appeal, but the prospectus does not specify when that appeal was filed or whether the appellate authority has issued an interim or final order.

What remains unresolved in the Haryana and Delhi GST cases?

Eventions says the financial year 2022-23 Haryana matter remains under scrutiny and that no demand has crystallised. The GST authority issued a Form GST ASMT-10 scrutiny notice on July 30, 2026 under Section 61 of the Central GST Act and Haryana GST Act, identifying discrepancies in the promoter’s GST returns.

The Haryana authority issued Reminder-1 on September 7, 2026 and Reminder-2 on September 15, 2026 because the disclosure says no reply had been submitted. The prospectus does not state a monetary value for the discrepancies, the eventual outcome of the scrutiny, or whether the promoter submitted a reply after September 15, 2026.

Eventions also describes Delhi GST proceedings in which the underlying matter is pending fresh adjudication and final liability has not crystallised. The disclosure records a September 24, 2023 DRC-01 notice for financial year 2017-18 proposing Rs 9.18940 lakh over excess and ineligible input tax credit, followed by a December 6, 2023 DRC-07 order confirming Rs 9.64886 lakh comprising tax, interest and penalty.

The Delhi narrative further records a May 29, 2024 DRC-01 notice under Section 73 of the Central GST Act and Delhi GST Act proposing Rs 95.95823 lakh, followed by an adjudication order in DRC-07 confirming the proposed demand. The Delhi High Court set aside that adjudication order on May 7, 2025 and directed fresh adjudication, so Eventions does not treat the Delhi proceedings as a crystallised final liability.

A contempt petition concerning access to the GST portal for filing replies was disposed of by the Delhi High Court on July 6, 2026. The order gave the promoter liberty to seek remedies in accordance with law, while the prospectus states that the GST proceedings themselves remain pending fresh adjudication.

How do Eventions’ own tax matters compare?

Eventions’ own GST matters total Rs 17.72 lakh across two cases, compared with Rs 1.7546 crore in the promoter GST proceedings table. The company figure includes a Maharashtra show-cause notice and a Tamil Nadu assessment order, rather than the promoter’s Haryana appeals, Haryana scrutiny and Delhi proceedings.

The Maharashtra notice, issued in Form GST DRC-01 on July 1, 2026, proposed a penalty of Rs 2.96359 lakh for non-filing of the May 2026 GST return. Eventions says the penalty represented 10% of an integrated GST, or IGST, liability of Rs 29.6359020 lakh; IGST is the GST component applicable to specified inter-state supplies.

The Tamil Nadu assessment order in Form GST ASMT-13, dated September 17, 2026, assessed IGST of Rs 14.76 lakh for non-filing of the July 2026 GSTR-3B return. Following an August 24, 2026 GSTR-3A notice, Eventions was directed to file the return and discharge the tax liability, applicable interest and penalty within 60 days of receiving the order.

Eventions also reports four company TDS demands totalling Rs 53.62080 lakh, including Rs 19.15240 lakh for 2024-25 and Rs 18.01190 lakh for 2025-26. These direct-tax demands, like the promoter proprietorship’s Rs 12.65410 lakh TDS total, are separately classified and do not alter the Rs 1.7546 crore promoter GST figure.

What does Eventions’ litigation disclosure policy cover?

Eventions adopted its materiality policy for outstanding litigation on September 22, 2026. For litigation other than criminal, regulatory and tax matters, the policy applies where a quantifiable claim exceeds the lower of Rs 1.9948 crore, representing 2% of turnover, Rs 36.27 lakh, representing 2% of net worth, and Rs 26.89 lakh, representing 5% of average absolute profit or loss after tax for the last three annual restated consolidated financial statements.

Tax proceedings are separately listed in the prospectus, which explains why both confirmed orders and unresolved notices appear in the disclosure. Eventions states that, except for matters disclosed, there were no outstanding tax-liability claims involving the company, directors, promoters or subsidiary as of the Red Herring Prospectus date.

Conclusion

Eventions’ disclosure shows that Rs 1.2491924 crore of the Rs 1.7546 crore promoter GST proceedings consists of two Haryana demand orders that remain under appeal. The balance of the disclosure includes a Haryana scrutiny with no crystallised demand and Delhi proceedings that must be freshly adjudicated, making the aggregate a measure of proceedings rather than a settled liability.

The next disclosed developments to watch are the outcomes of the two Haryana appeals, the response and further action in the July 2026 Haryana scrutiny, and the fresh Delhi adjudication ordered on May 7, 2025. Eventions gives no timetable for these processes, while the July 6, 2026 disposal of the Delhi contempt petition left the promoter free to seek remedies under law.