Kirloskar Oil Engines Limited has informed the Exchange about Action(s) initiated or orders passed
KIRLOSENG · price
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Awaiting price reaction for this filing.
Kirloskar Oil Engines has received a Show Cause Notice dated 24th September 2025 from the Maharashtra State Tax Department in Pune. The notice relates to an Input Tax Credit (ITC) mismatch for FY 2021-22 under the GST laws. The total demand raised is approximately Rs. 18.7 crore, comprising a tax demand of Rs. 9.74 crore, interest of Rs. 7.62 crore, and a proposed penalty of Rs. 1.34 crore. The company has stated it does not foresee any material impact on its financial position or operations. The company is likely to respond to the notice through the appropriate legal channels.
The demand of ~Rs. 18.7 crore is a show cause notice and not a final order, so it carries no immediate financial impact. However, if the demand is upheld, it could affect future earnings. The company's own assessment suggests no material impact, which may limit near-term stock reaction.