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 a favourable appellate order dated May 11, 2026, from the Office of the Appellate Joint Commissioner of State Tax, Secunderabad. The appellate authority accepted the Company's submissions and dropped the entire GST demand of Rs. 22.89 lakh, which included a general penalty of Rs. 2.08 lakh. This demand had originated from an assessment order dated August 31, 2024, related to alleged excess Input Tax Credit claimed during FY 2019-20. The Company confirms there is no impact on its operational, financial, or other activities as a result of this order.
Positive development for the Company — the entire Rs. 22.89 lakh GST demand including penalty has been dropped, removing any contingent liability. No impact on financials or operations.