SML Mahindra Limited has informed the Exchange about Action(s) initiated or orders passed
SMLMAH · price
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.9 pts more than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SML Mahindra has received an order dated 25 February 2026 from the Assistant Excise and Taxation Officer-cum-Proper Officer, Faridabad (Range), Haryana, under Section 129(3) of the HGST/CGST Act, 2017. The order confirms a penalty demand of IGST amounting to Rs. 11.47 lacs under Section 129(1)(a) of the Act, on the grounds that Part B of the E-Way Bill was not updated. The company has stated that it will file an appeal against this order before the next Adjudicating Authority. The order was received via email on 25 February 2026 at 12:16 PM.
The penalty of Rs. 11.47 lacs is a very small amount relative to a listed company and is unlikely to have any meaningful financial impact. Since the company intends to appeal, the order is not final and should not materially affect the stock price.