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 Limited received a GST Assessment Order dated March 31, 2026 from the Office of Deputy Commissioner of State Tax in Indore, Madhya Pradesh. The tax authority raised a gross demand of Rs. 5.75 crore, which includes a penalty of Rs. 1.88 crore, for alleged mismatch of Input Tax Credit for the financial year 2019-20. The company is currently evaluating legal options, including the possibility of filing an appeal before the appropriate appellate authority. Management has stated that the financial impact, if the order materialises, would be limited to the demand amount and there is no impact on the company's operational, financial, or other activities.
The order creates a potential tax liability of Rs. 5.75 crore that the company plans to contest legally. The immediate operational and financial impact is stated to be nil, but an adverse outcome could affect the company's financials if the appeal fails.