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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Electricals had previously received a GST assessment order from the Deputy Commissioner of Sales Tax, Danapur (Bihar), raising a total demand of Rs. 1.04 crore (including a small penalty) for FY 2017-18 over alleged mismatches in input tax credit claims. The company had appealed this before the Additional Commissioner (Appeals), Patna. In a favorable development, the Appellate Authority has now passed an order dated March 20, 2026, reducing the total demand sharply to Rs. 15.63 lakh (including a Rs. 0.72 lakh penalty). The company is evaluating further legal options, such as filing another appeal or a writ petition before the High Court. The company has clarified that there is no impact on its day-to-day operations or financial activities from this order.
Positive for shareholders — the tax demand has been cut by roughly 85% (from Rs. 1.04 crore to Rs. 15.63 lakh), reducing a potential liability. The amount is small relative to the company's size, and with further legal recourse possible, the near-term impact on the stock is likely limited.