Bajaj Electricals Receives ₹112.32 Crore Tax Demand

Key Quantitative Figures

The Company has received an assessment order imposing a tax demand amounting to ₹112.32 crore including interest. The demand is for Assessment Year 2019-20.

Dates of Action

The assessment order is dated October 29, 2026. The Company received the order on October 30, 2026, at 4:41 p.m.

Parties Involved

The assessment order was issued by National Faceless Assessment Center – Assessment Unit, Income Tax Department ("Assessing Officer").

Specific Details of Assessment Order

The Assessing Officer imposed the demand under Section 147 of the Income-tax Act, 1961. The demand arises on account of disallowance of expenses. Notably, the Assessing Officer did not grant credit for taxes already paid by the Company nor interest under section 244A of the Income Tax Act, 1961 while passing the Assessment Order.

Management Response and Legal Remedies

The management is evaluating appropriate legal remedies available under law, including filing of rectification application/appeal before the appropriate authority against the Assessment Order.

Financial Impact Assessment

The financial impact of the Assessment Order, if it materializes, would be limited to the extent of the demand raised and/or penalty levied thereunder. There is no impact on the operational, financial, or other activities of the Company on account of this Assessment Order.

Compliance Statement

The disclosure serves as compliance under applicable provisions of SEBI Listing Regulations.

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