Bajaj Electricals Limited has received an adverse appellate order upholding a Goods and Services Tax (GST) demand of ₹36.2 million, including a penalty of ₹3.3 million. The company is evaluating further legal options, though it clarified that operations and financial activities remain unaffected.
Bajaj Electricals Limited announced that the Appellate Authority has rejected its appeal against a GST assessment order, confirming the earlier demand. The company is considering filing an appeal before a higher authority or approaching the Hon’ble High Court.
Regulatory Disclosure
The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements. The order stems from alleged disallowance of Input Tax Credit due to mismatches with GSTR 2A filings.
Financial Impact
The company emphasized that the financial impact, if materialized, would be limited to the demand and penalty amount. Importantly, Bajaj Electricals stated that there is no operational or strategic disruption due to this order.
Key Highlights
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GST demand upheld at ₹36.2 million
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Penalty component of ₹3.3 million included
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Appeal rejected by Appellate Authority on March 13, 2026
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Company exploring further legal remedies
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No impact on operations or financial activities
Sources: Bajaj Electricals Limited regulatory filing