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.
On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.8 pts more than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kirloskar Oil Engines Limited received a Show Cause Notice dated 19th May 2026 from the Joint Commissioner Corporate Circle, Lucknow, Uttar Pradesh, under Section 73 of the UP GST Act and Central GST Act. The notice demands tax of Rs. 5.90 crore and penalty of Rs. 59 lakh, totalling approximately Rs. 6.49 crore, citing ITC (Input Tax Credit) Mismatch and other issues for FY 2022-23. The company has stated it does not foresee any material impact on its financial, operations, or other activities. The company is in the process of filing a necessary reply before the appropriate authority within prescribed timelines.
The financial impact of Rs. 6.49 crore is relatively small for a company of Kirloskar Oil Engines' size. The Show Cause Notice is not a final order, and the company intends to contest it. Until a final decision is reached, this is unlikely to significantly affect the stock, but investors should monitor subsequent filings for resolution.