Escorts Kubota Limited has informed the Exchange about disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
ESCORTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Escorts Kubota Limited has disclosed that a State Tax Officer from Central Mobile Squad, Ahmedabad, Gujarat passed an order confirming a penalty of ₹11,32,740. The penalty was imposed due to detention of goods in transit for want of sufficient supporting documents. The company received this order on May 19, 2026, and has decided to file an appeal before the appellate authority against this order. The disclosure is made as per SEBI Listing Regulations requirement for material events.
The penalty amount of approximately ₹11.3 lakhs is relatively small for a company of Escorts Kubota's size and is unlikely to have material financial impact. The company is contesting the order, suggesting it believes there are grounds for appeal.