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 appeal order dated September 24, 2025, from the Joint Commissioner of CGST Division, Jaipur, in connection with an earlier GST matter related to alleged disallowance of ITC credit. The original order had placed a gross demand of Rs. 41.16 lakh on the company (including a Rs. 27.41 lakh penalty). After appeal, the gross demand has been reduced to Rs. 13.79 lakh, with the penalty cut sharply to Rs. 1.25 lakh. This is a positive development as the financial burden has dropped by roughly two-thirds. The company clarified that this matter has no impact on its financial operations or other business activities.
Positive but minor — the reduced demand is small in absolute terms for a company of Bajaj Electricals' size, so the impact on earnings or stock price is negligible. However, the favorable ruling removes a lingering tax overhang from the original order.