Jtekt India Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015'.
JTEKTINDIA · price
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Awaiting price reaction for this filing.
Jtekt India received an order dated 1st November 2025 from the Office of the Joint Commissioner (ST), Intelligence-II, Chennai, dropping a GST demand of Rs. 24,70,944 that had been raised against the company under Section 73/74 of the CGST Act, 2017. The company had filed a reply against the earlier DRC-01 demand notice, and the authority accepted the company's submission, resulting in the demand being fully dropped. The company has stated there is no financial impact from this order, as the entire demand was quashed. The matter relates to state GST and is not a SEBI, NCLT, or court proceeding.
Positive for shareholders — a pending tax demand has been resolved entirely in the company's favor with no financial liability. This removes an overhang but is small in monetary terms and unlikely to move the stock meaningfully.