Bajaj Electricals Receives ₹6.27 Crore GST Demand

Date: October 13, 2026

Regulatory & Legal Update

Bajaj Electricals Limited received an adverse appellate order from the Office of the Additional Commissioner, Corporate Division, West Bengal (Appellate Authority) for FY 2019-20. The order was received by the Company on October 12, 2026, at 05:07 p.m.

The appellate order imposes a total demand of ₹627.36 lakh (₹6.27 crore), which includes a general penalty of ₹31.89 lakh (₹0.32 crore). This order follows an earlier assessment order dated August 31, 2024, from the Office of the Assistant Commissioner of Revenue (GST Authority) that had imposed a total demand of ₹632.52 lakh (₹6.33 crore), including a general penalty of ₹32.16 lakh.

The demands relate to alleged excess input tax credit (ITC) claimed and alleged short payments of GST during FY 2019-20 under Section 73(9) of the CGST/WBGST Act, 2017 read with Section 20 of the IGST Act, 2017.

Management Response & Legal Strategy

The management is evaluating appropriate legal remedies available under law, including:

• Filing an appeal before the appropriate appellate tribunal
• Initiating writ proceedings before the Hon'ble High Court against the Appeal Order

Financial Impact Assessment

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