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An update from Bajaj Electricals Limited ( (IN:BAJAJELEC) ) is now available.
Bajaj Electricals Limited has disclosed that it received an order from the West Bengal Goods and Services Tax Authority under Section 73(9) of the CGST/WBGST Act, 2017, raising a gross demand of Rs 237.90 lakh, including a general penalty of Rs 12.91 lakh, for alleged short payment of tax for the financial year 2021–22. The company’s management is assessing legal remedies, including the option of filing an appeal before the appropriate tribunal, and has stated that the order does not affect its financial operations or other business activities, indicating that the potential liability is not expected to be materially disruptive for stakeholders at this stage.
More about Bajaj Electricals Limited
Bajaj Electricals Limited is an Indian consumer electrical and lighting company, operating in the electrical equipment and appliances industry with a diversified portfolio that typically includes lighting products, consumer durables, and engineering and project business. The company is listed on major Indian stock exchanges and serves both retail and institutional customers across the country, positioning itself as a key player in the domestic electricals and appliances market.
Average Trading Volume: 35,042
Technical Sentiment Signal: Sell
Current Market Cap: 55.97B INR
See more insights into BAJAJELEC stock on TipRanks’ Stock Analysis page.