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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Awaiting price reaction for this filing.
Bajaj Electricals has informed the exchanges that the Commissioner (Appeals) of Central Excise & GST, Jaipur has rejected the company's appeal and upheld an earlier GST assessment order dated March 31, 2024. The original order, issued by the Assistant Commissioner of CGST Division-I, Jaipur, had raised a tax demand of Rs. 61.18 lakh, which includes a penalty of Rs. 9.87 lakh on account of disallowed credit notes. The Order-In-Appeal was passed on December 18, 2025 and received by the company on December 29, 2025. The company plans to file a further appeal before the appropriate GST Tribunal. The company has clarified that there is no impact on its financial operations or business activities from this matter.
The financial exposure of Rs. 61.18 lakh is immaterial relative to Bajaj Electricals' overall size, and the company has confirmed no operational impact. The stock is unlikely to see a meaningful reaction, though investors may note the ongoing tax litigation as a minor overhang until resolved by the Tribunal.