Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform that the Company has received an order from the Office of the Principal ....
BAYERCROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bayer CropScience has received an order from the Office of the Principal Commissioner, Central GST & Central Excise, Patna, imposing a penalty of Rs. 89.55 million (about Rs. 8.95 crore). The order relates to GST on Input Tax Credit availed by the company across five financial years from 2018-19 to 2023-24. The order was received on August 1, 2025. The company has stated that the order is appealable and it will assess its right to appeal against it.
The penalty of Rs. 8.95 crore is a material but not major financial hit for the company. Since the company intends to appeal, the final cash outflow could be lower or reversed, limiting any lasting damage to the stock.