Orient Electric Limited has informed the Exchange about General Updates under Regulation 30 - SEBI LODR
ORIENTELEC · price
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Orient Electric has received orders from the Joint Commissioner of CGST Kochi (dated December 30, 2025) and the Assistant Commissioner of Jammu (dated December 29, 2025) dropping two GST proceedings against the company with NIL demand. The proceedings related to show cause notices alleging short payment of GST due to wrong HSN/misclassification of LED goods, with a combined alleged demand of approximately ₹4.70 crore (₹4.48 crore from Kochi and ₹21.58 lakh from Jammu), along with applicable interest and penalty. The company had filed detailed replies contesting the notices, and the authorities accepted the company's position, resulting in full closure of the cases. The company has confirmed there is no financial, operational, or other impact from these orders.
This is a positive outcome for shareholders as potential tax liabilities totalling about ₹4.70 crore plus interest and penalty have been fully dismissed. The resolution removes an overhang on the stock, though the amounts are not material to the company's overall financials.