Esab India Limited has informed the Exchange about General Updates
ESABINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Esab India Limited received an order dated 30th April 2026 from the Deputy Commissioner of Revenue, State Tax (West Bengal) under section 73 of the CGST/WBGST Act, 2017. The department found discrepancies in Input Tax Credit claims during FY 2022-23, citing short payment of taxes and excess claim of Input Tax Credits in both CGST and SGST. A total demand of Rs. 37,99,846 (approximately Rs. 38 lakh), including interest and penalty, has been imposed. The company states there is no material impact on its financial or operational activities and is in the process of filing an appeal against the order.
The demand of ~Rs. 38 lakh is relatively small for a company of Esab India's size and the company is appealing the order, so direct shareholder impact is limited. However, it signals a tax compliance matter that investors should monitor.