Kirloskar Oil Engines Limited has informed the Exchange about Action(s) taken or orders passed
KIRLOSENG · price
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Kirloskar Oil Engines received an appeal order dated 20th March 2026 from the Joint Commissioner of State Tax, Pune, regarding GST for FY 2020-21. The order was passed partially in the company's favor, resulting in a reduction of interest demand from Rs. 1.10 crore to Rs. 1.10 crore (a small reduction of about Rs. 75,604) and tax demand from Rs. 1.28 crore to Rs. 1.25 crore (a reduction of about Rs. 3.28 lakh). The penalty amount of Rs. 25.13 lakh remained unchanged. The company has stated there is no material financial or operational impact and is planning to file a second appeal before the appropriate authority for further relief.
This is a mildly positive development for shareholders as the company secured some reduction in its GST demand on appeal, though the savings are small (under Rs. 4 lakh combined). With the company planning a further appeal, the matter is not yet fully closed, but management sees no material impact on financials.