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Kirloskar Oil Engines Limited ( (IN:KIRLOSENG) ) has issued an announcement.
Kirloskar Oil Engines Limited has received a Show Cause Notice from the Department of Goods and Services Tax, Maharashtra, regarding a misclassification issue in outward supply due to HSN. The notice includes a penalty, interest, and tax demand totaling over Rs. 8 crore. Despite this, the company does not anticipate any material impact on its financial or operational activities.
More about Kirloskar Oil Engines Limited
Kirloskar Oil Engines Limited operates in the manufacturing industry, focusing on producing engines and related products. The company is known for its diesel engines and generator sets, catering to various sectors including agriculture, construction, and power generation.
Average Trading Volume: 39,737
Technical Sentiment Signal: Buy
Current Market Cap: 138B INR
For detailed information about KIRLOSENG stock, go to TipRanks’ Stock Analysis page.