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 informed exchanges that the Additional Commissioner of Corporate Division, West Bengal, issued an adverse order on July 29, 2025, directing the company to pay Rs. 398 lakh, which includes a penalty of Rs. 17.83 lakh. The demand relates to the disallowance of Input Tax Credit (ITC) under Section 73 of the GST Act, 2017, and essentially upholds the original order the company received in March 2024. The management is evaluating legal options and intends to file an appeal before the GST Tribunal. The company has clarified that this matter does not impact its financial operations or other business activities.
The financial demand amount remains unchanged from the original March 2024 order, so there is no new monetary exposure for shareholders. However, the adverse appellate ruling is mildly negative sentiment, and the outcome of the Tribunal appeal will determine whether the company must eventually pay out this amount.