Escorts Kubota Limited has informed the Exchange regarding 'Update on disclosure pursuant to Regulation 30 of SEBI LODR Regulations, 2015'.
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Awaiting price reaction for this filing.
Escorts Kubota Limited has received a favorable order from the Assistant Commissioner, Jaipur, under Section 128A of the CGST Act, 2017. The order waives off the interest and penalty of ₹20,000 that were earlier imposed along with tax demands of ₹3,060 and ₹1,310 on account of Input Tax Credit eligibility issues in Rajasthan. The original tax demands have been appropriated against the company. This update follows earlier disclosures made in May 2024 about the initial GST orders. The event was reported to the exchanges on August 26, 2025.
This is a mildly positive development as Escorts Kubota gets relief from the penalty and interest component, though the absolute amounts are very small relative to the company's overall size, so material impact on the stock is unlikely.