Coromandel International Receives ₹2.51 Crore GST Demand Covering FY22 to FY25

Coromandel International has received a tax demand of ₹2.51 crore from the Central GST authority for the fiscal years FY22 through FY25, alleging wrongful availment and utilisation of Input Tax Credit. The company said it plans to file an appeal before the Commissioner (Appeals) and expects no significant impact on its financials or operations, ScanX reported.

Coromandel's GST Order and Company Response

The order was issued by the Additional Commissioner at the Office of the Commissioner, Vadodara-II, Central GST. The communication was received on October 23, 2026. The demand was passed as an Order-in-Original under Section 74 of the Central GST/Gujarat GST Act, 2017, read with corresponding provisions of the IGST Act, 2017.

The total amount demanded includes the tax principal along with an equivalent penalty and applicable interest. The tax amount stated in the order is ₹2,50,82,496. The regulatory action targets discrepancies in ITC claims over a four-year period.

Coromandel International stated that it believes it has a strong case to defend on the merits. The company is preparing to file an appeal before the Commissioner (Appeals). The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by B Shanmugasundaram, Company Secretary & Compliance Officer.

Coromandel's Fertilizer and Agri-Input Business

Coromandel International is India's largest private-sector phosphatic fertilizer company and the world's largest neem-based bio-pesticide manufacturer, according to akta.pro company records. It produces fertilizers, crop protection, specialty nutrients, and bio-products, serving 3 million farmers directly through 1,200+ Gromor retail stores and 20 million farmers via broader channels. The company operates 18 manufacturing facilities across its Nutrients, Crop Protection Chemicals, Specialty Nutrients, and Bio businesses. Its FY26 consolidated revenue was ₹31,827 crore, with standalone revenue of ₹30,531 crore, EBITDA of ₹3,232 crore and PAT of ₹2,009 crore.

Earlier GST Penalty and Dhaksha Facility

Coromandel International received a GST penalty order of ₹12.35 lakh from the Jammu Commissionerate on August 21, 2026, regarding an Input Tax Credit mismatch for FY2018-19, alongside a confirmed tax demand of ₹1.23 crore, ScanX reported. On August 24, 2026, its subsidiary Dhaksha Unmanned Systems inaugurated a new drone manufacturing facility in Kancheepuram, Tamil Nadu, with Arjun Alagappan presiding, ScanX reported. On July 29, 2026, S. Sankarasubramanian, MD and CEO of Coromandel International, said urea prices would remain around $500 a tonne amid the West Asia conflict disrupting global fertilizer supply chains, Business Standard reported.

Coromandel's Appeal Before the Commissioner

Coromandel International is preparing to file an appeal before the Commissioner (Appeals) against the ₹2.51 crore demand. The company said it expects no significant impact on its financials, operations, or other activities.