Bajaj Electricals: GST Appellate Order Confirms Rs 10.95 Crore Demand

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.4%+0.4% vs market

Household Appliances peers, median of 23sector-0.7%-0.3% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.3 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Bajaj Electricals lost its appeal before the Commissioner (Appeals), CGST and Central Excise, Lucknow on June 8, 2026. The appellate authority dismissed the company submissions and confirmed the original GST demand of Rs 10.95 crore, including a Rs 0.99 crore penalty, for disallowance of input tax credit for FY 2020-21. The company plans to file a further appeal before the appellate tribunal and writ proceedings before the High Court. The filing notes no impact on operational or other activities.

Likely market impact

Demand of Rs 10.95 crore is relatively small versus company scale. Further appeal pending, so the financial impact is not final. Limited near-term effect expected.