Amara Raja Energy & Mobility Limited has informed the Exchange about Action(s) taken or orders passed
ARE&M · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Amara Raja Energy & Mobility has informed exchanges about two tax-related orders. First, the Deputy Commercial Tax Officer in Erode, Tamil Nadu passed an order under the GST Act for a mismatch between the 'Bill-to' address and the customer's registered place of business, resulting in a penalty of about Rs. 28.4 lakhs which has already been paid and the company says it will recover from the contractor and file an appeal. Second, the Deputy Commissioner of Income Tax in Tirupati raised a demand of approximately Rs. 15.27 crores (including Rs. 1.79 crores in interest) under Section 143(1) read with Section 170A of the Income Tax Act for Assessment Year 2023-24, linked to a previously NCLT-approved scheme of arrangement. The company believes the order has infirmities, considers the demand not maintainable, and plans to file an appeal and rectification. Both orders were received in late December 2025.
The company states there is no material impact on its financials, operations, or other activities from either order. The GST penalty is small and recoverable, while the larger income tax demand is being contested, so near-term impact on shareholders should be limited though the income tax matter will need to be watched as it progresses through appeal.