Amara Raja Energy & Mobility Limited has informed the Exchange about Action(s) initiated or orders passed
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Awaiting price reaction for this filing.
Amara Raja Energy & Mobility disclosed a GST-related order dated May 15, 2025, received from the Assistant Commissioner, State Tax, Mobile Squad Unit-08, Agra. The order was issued under Section 129(3) of the CGST/UPGST Act, 2017 for a violation of Rule 138 of the CGST/UPGST Rules — a mismatch between the vehicle number recorded in the e-way bill (Part B) and the actual vehicle used to transport goods. A penalty of Rs. 25,99,632 (approximately Rs. 26 lakh) was imposed. The company clarified the violation was an oversight by a contractor transporting goods. The company stated there is no material impact on its financials, operations, or other activities, and the penalty will be recovered from the contractor responsible.
The penalty is small (around Rs. 26 lakh) relative to the company's scale, will be recovered from the contractor, and the company confirms no material financial or operational impact — so this is unlikely to affect shareholders or the stock price meaningfully.