Bharat Forge Limited has informed the Exchange about Action(s) taken or orders passed
BHARATFORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Forge Limited received an order from the Commissioner of Income-tax (Appeals) dated May 11, 2026, regarding a reduced penalty of Rs. 85,29,661 for under-reporting of income under Section 270A of the Income Tax Act, 1961 for Financial Year 2016-17. The company received the order on May 12, 2026. The penalty amount was reduced from a higher original penalty. The order is appealable, and the company has stated it is in the process of filing an appeal before the Income Tax Appellate Tribunal (ITAT), Pune. The company has clarified that there is no material impact on its financials, operations, or other activities.
This is a tax penalty matter from FY 2016-17 that has been reduced and is being appealed. The company explicitly states no material impact on financials or operations, suggesting minimal shareholder concern unless the appeal fails.