Please find attached herewith intimation under Regulation 30 of SEBI LODR
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 Ltd has received a Show Cause Notice from the Joint Commissioner Corporate Circle, Lucknow under Section 73 of the UP GST Act and CGST Act, 2017. The notice imposes a tax demand of Rs. 5,90,02,030 and a penalty of Rs. 59,00,203, totalling approximately Rs. 6.49 crore. The demand relates to ITC (Input Tax Credit) Mismatch and other points for the financial year 2022-23. The company received this notice on 19th May 2026 and states it does not foresee any material impact on its financial or operational activities. The company is in the process of filing a necessary reply before the appropriate authority within prescribed timelines.
While the total demand including penalty is around Rs. 6.5 crore, the company has stated it does not expect any material financial impact. However, shareholders should monitor the outcome of the company's reply, as an adverse ruling could result in additional costs.