Bajaj Electricals Limited has informed the Exchange about General Updates
BAJAJELEC · price
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Bajaj Electricals has informed the stock exchanges about a customs order received on June 5, 2025, from the Principal Commissioner of Customs, JNCH Mumbai. The order pertains to anti-dumping duty (ADD) of Rs. 0.44 crore along with a penalty of Rs. 1.32 crore, imposed in connection with goods imported by Nirlep Appliances Private Limited during FY 2017–18 to FY 2021–22. Nirlep was a former wholly owned subsidiary that has since been merged into Bajaj Electricals under a Scheme of Merger by Absorption. The company has stated that it is evaluating legal options, including filing an appeal against the order. The company has clarified that there is no impact on its financial operations or other business activities due to this matter.
The total financial exposure from this order is Rs. 1.76 crore (Rs. 0.44 crore duty + Rs. 1.32 crore penalty), which is relatively small compared to Bajaj Electricals' overall scale, and the company claims no operational impact. Shareholders should monitor the appeal outcome, as an unfavorable ruling or additional liabilities from similar past periods could marginally affect financials.