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 received an appellate order dated May 8, 2026, upholding an earlier GST assessment order. The appeal authority maintained the aggregate demand of Rs. 2.69 crore (including a penalty of Rs. 0.14 crore) raised by the GST Authority in Kolkata for FY 2020-21. The demand relates to alleged liability under Reverse Charge Mechanism and mismatch in input tax credit. The company had previously received the original assessment order in February 2025. Management is now evaluating further legal options including filing an appeal with the appellate tribunal or initiating writ proceedings in the High Court. The company states there is no current impact on its operational, financial, or other activities.
The potential financial liability of Rs. 2.69 crore represents a relatively small amount for a company of Bajaj Electricals' size. However, this indicates a contingent liability and the ongoing tax dispute may create some investor concern until resolved. The company will likely incur additional legal costs if it pursues further appeals.