Escorts Kubota Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI LODR Regulations, 2015.
ESCORTS · price
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The Excise & Taxation Officer of Faridabad (East), Haryana has sanctioned a GST refund of Rs. 46.37 Crores out of the total claim of Rs. 46.67 Crores filed by Escorts Kubota under Rule 89(1) of the Haryana GST Act, 2017, related to Input Tax Credit accumulated under an inverted duty structure. A small portion of the claim worth Rs. 29.78 Lakh was rejected on grounds of ineligible ITC. The company has stated it intends to file a rectification or appeal against the rejected portion. The event was disclosed on August 18, 2025, under SEBI Listing Regulations.
This is largely a positive development for shareholders as Escorts Kubota has received approval for nearly 99.4% of its refund claim, providing a meaningful cash inflow. The small rejection of Rs. 29.78 Lakh is immaterial and will be contested, so it is unlikely to have any meaningful impact on the stock price.