GST penalty of Rs 13.30 lakh paid; company to appeal
ARE&M · price
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Amara Raja Energy and Mobility received a GST penalty order of Rs 13.30 lakh from Assistant Commissioner, Kanpur, UP on July 27, 2026. The penalty was due to a mismatch between ship-to address in delivery challan and E-Waybill, which led to goods being withheld. The company has already paid the penalty to release the truck and plans to file an appeal, stating both addresses were valid registered places of business. No material impact on financials or operations.
Small one-time penalty, already paid. No material impact. Appeal planned. Likely neutral for stock.