Amara Raja Energy & Mobility Limited has informed the Exchange about Action(s) taken or orders passed
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Amara Raja Energy & Mobility informed the exchanges about a tax order received on June 28, 2025 from the Assistant Commissioner of State Tax, Muzaffarnagar, UP, under Section 129(3) of the CGST/UPGST Act, 2017. The order was issued in Form DRC-07 against the company because a contractor's E-Waybill expired during transit due to a vehicle breakdown, violating Rule 138 of the CGST/UPGST Rules, 2017. A penalty of Rs. 12.31 lakh was imposed. The company clarified that there is no material impact on its financials or operations, and the penalty will be recovered from the contractor responsible.
The penalty is small and will be recovered from the contractor, so there is negligible impact on shareholders. This is a routine tax compliance matter and not a material event for the stock.