Morepen Labs gets show-cause notice from the tax authorities for Rs 177 crore GST refund
Morepen Laboratories received a show-cause notice for alleged GST rule violations and excess refund of Rs 1,17,94,03,452. The company has responded stating that the refund was claimed as per GST Act and the notice has no merit. The company’s stock has seen a decline in the past month, 6 months, and one year. In Q2 FY26, the company reported a net loss.