Kirloskar Oil Engines Limited has informed the Exchange about Action(s) initiated or orders passed
KIRLOSENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kirloskar Oil Engines Limited has received an Order-in-Appeal dated 20th March 2026 from the Office of the Joint Commissioner of State Tax, Pune, Maharashtra, under Section 107(11) of the GST Act. The order pertains to GST ITC Mismatch and ITC disallowance for FY 2019-20 and imposes a total demand of approximately Rs. 4.31 crore, comprising tax of Rs. 1.91 crore, interest of Rs. 2.21 crore, and penalty of Rs. 0.19 crore. The company has stated that it does not foresee any material impact on its financials or operations from this order. It is in the process of filing a second appeal before the appropriate authority within the prescribed timelines.
The total financial impact of around Rs. 4.31 crore is modest relative to the company's size, and the management has indicated no material impact. The stock is unlikely to see significant reaction, though the outcome of the second appeal will be worth tracking.