Balkrishna Industries Limited has informed the Exchange about General Updates
BALKRISIND · price
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Balkrishna Industries has received an adjudication order from the Additional Commissioner of CGST & Central Excise, Mumbai, dated March 27, 2026, covering financial years 2021-22 to 2023-24. The order, passed under Section 74(1) of the CGST/MGST Act, 2017, confirms a tax demand of Rs. 4.80 crore along with an equivalent penalty, related to alleged availment of inadmissible credit and non-payment of tax under the reverse charge mechanism. The company was formally informed about the order on March 30, 2026, via email at 5:48 PM. The company has stated that there is no material impact on its financial, operational, or other activities due to this demand. The order is appealable, and Balkrishna Industries plans to contest it at the higher appellate level.
The tax demand of Rs. 4.80 crore (plus equal penalty) is small relative to Balkrishna Industries' size, and the company says it will not affect operations. However, the ongoing tax dispute may create short-term uncertainty for shareholders until the appeal is resolved.