Bajaj Electricals Limited has received an adverse appeal order from the Appellate Authority, which has upheld a previous assessment order demanding ₹1.16 crore. The demand, issued by the Assistant Commissioner of Sales Tax in Bihar, includes a general penalty of ₹39.68 lakh.
The appeal order, dated 30 March 2026, was received by the company on 16 April 2026. This development follows the company’s earlier appeal against the assessment order, which was originally issued on 25 May 2023. The order was based on an alleged disallowance of transitional credit availed in ‘Form Tran 1’.
In response to the latest ruling, Bajaj Electricals‘ management is considering various legal options. These include filing an appeal before an appropriate appellate tribunal or a writ petition before the Hon’ble High Court.
The company has clarified that the financial impact of the appeal order, should it materialise, will be limited to the demand and penalty specified. Bajaj Electricals stated that there is no impact on its operational, financial, or other activities due to this order.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).