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An announcement from Bajaj Electricals Limited ( (IN:BAJAJELEC) ) is now available.
Bajaj Electricals has disclosed that it received two assessment orders from the Tamil Nadu GST authorities for fiscal years 2019-20 and 2022-23, raising alleged tax, interest and penalty demands of Rs. 11.20 crore and Rs. 8.73 crore, respectively. The orders relate to alleged discrepancies in input tax credit claims and turnover-linked tax payments, but the company has stated that any financial impact would be limited to the disputed amounts and that there is currently no effect on its financial, operational or other business activities as it evaluates legal remedies, including potential appeals or court action.
More about Bajaj Electricals Limited
Bajaj Electricals Limited is an Indian consumer electrical and lighting company that operates across appliances, fans, lighting solutions and related electrical products. The company serves both retail and institutional markets, with a significant presence across multiple states, including Tamil Nadu, and is listed on major Indian stock exchanges.
Average Trading Volume: 42,570
Technical Sentiment Signal: Sell
Current Market Cap: 43.17B INR
For an in-depth examination of BAJAJELEC stock, go to TipRanks’ Overview page.