Bajaj Consumer Care Limited has informed the Exchange about Action(s) initiated or orders passed
BAJAJCON · price
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Awaiting price reaction for this filing.
Bajaj Consumer Care has received an order dated 8 July 2025 from the Office of the Assistant Commissioner of State Tax, Cuttack, Odisha. The order raises a tax demand of Rs 27.24 lakhs under Section 73 of the CGST Act, 2017, on account of an alleged GST credit mismatch, along with a penalty of Rs 2.72 lakhs under Section 73(9). The total demand works out to roughly Rs 30 lakhs. The company has stated that this will not have any material impact on its financial, operational, or other activities. The order is appealable, and the company is in the process of contesting it at a higher appellate level.
The financial impact is negligible given the small size of the demand relative to the company's overall scale. Shareholders are unlikely to see any meaningful effect on the stock price, though the matter bears watching if the appeal also goes against the company.