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

Bajaj Electricals has received an unfavorable ruling from the GST Appellate Authority in Jaipur against its appeal challenging a tax demand of Rs. 3.62 crore (including a penalty of Rs. 32.89 lakh) raised over alleged mismatches in Input Tax Credit claims with GSTR 2A data. The appellate body has upheld the original order passed under Section 73 of the GST Act. The company is now evaluating further legal remedies, which could include an appeal before a higher appellate authority or a writ petition before the High Court. Management has clarified that any financial impact would be limited to the demand amount itself, and there is no impact on the company's day-to-day operations, financials, or business activities.