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Eureka Forbes hits record low after Uttar Pradesh GST show-cause notice

Eureka Forbes shares fell 2.2% to a fresh record low of 353.30 rupees after the company received a show-cause notice for FY2022-23 alleging tax liability of 1.49 billion rupees, interest of 1.09 billion rupees and penalty of 149.2 million rupees.

EURK.NS

30 rupees, its fourth straight session at a record low. The water and air purifier maker said it received a show-cause notice from Uttar Pradesh GST authorities for FY2022-23. 41 million). 50 rupees, LSEG compiled data showed.

9% year-to-date. 0875 Indian rupees)