Balkrishna Industries has received an adjudication order from the Additional Commissioner of CGST & Central Excise, Mumbai, regarding tax demands for the financial years 2021-22 to 2023-24. The order, dated 27th March 2026 and received on 30th March 2026, confirms a demand of ₹4.80 crores along with an equivalent penalty.
The adjudication has been issued under Section 74(1) of the CGST/MGST Act, 2017, read with Section 11 of the Compensation Cess Act, 2017. According to the company, the demand pertains to the availment of inadmissible credit and non-payment of tax under the reverse charge mechanism.
In its regulatory filing, Balkrishna Industries stated that the order is appealable and the company is in the process of contesting the demand at the higher appellate level. The company has also clarified that there is no impact on its financial, operational, or other activities due to the alleged tax demand at this stage.
Vipul Shah, Director & Company Secretary and Compliance Officer of Balkrishna Industries, signed the intimation letter submitted to the BSE and NSE. The filing was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Balakrishna Industries manufactures tyres and related products, with operations across India. The company’s equity scrip code on BSE is 502355, while its trading symbol on NSE is BALKRISIND.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).