Bajaj Electricals Limited has informed the Exchange about Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosures Requirements) Regulations, 2015, As Amended
BAJAJELEC · price
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Bajaj Electricals has informed the stock exchanges about a GST assessment order it received on March 30, 2026. The order, issued by the Office of the Assistant Commissioner of CGST & Central Excise, Mumbai, under Section 74 of the CGST Act, 2017, raises an alleged gross demand of Rs. 67.31 lakh, which includes a penalty of Rs. 33.65 lakh. The demand relates to non-filing of GSTR 3B returns by the company's vendors. The management is evaluating legal options and plans to file an appeal before the appropriate appellate authority. The company has stated that there is no impact on its operations, financials, or other activities due to this order.
The financial impact, if any, is limited to the Rs. 67.31 lakh demand amount, which is relatively small for a company of Bajaj Electricals' size. The company is planning to appeal, and the order does not affect ongoing operations, so the impact on shareholders is likely minimal.