Bajaj Electricals Limited has successfully reduced its GST demand by over 95% following a favourable appeal order from tax authorities. The company received the revised order on April 22, 2026, bringing significant relief from the original assessment.

GST Demand Reduction Details

The Joint Commissioner, Secunderabad, Telangana issued the appeal order on April 22, 2026, which was received by the company at 12:17 p.m. the same day. The appellate authority considered the submissions made by Bajaj Electricals and passed a substantially reduced demand.

Background of GST Assessment

The original assessment order was issued on April 30, 2024, by the Deputy Commissioner, STU-1, Secunderabad, Telangana under section 73 of the GST Act, 2017. The demand was raised on account of alleged disallowance of GST input credit for FY 2018-19.

Management Response and Financial Impact

The management has accepted the revised demand under the appeal order and confirmed it has no intention of filing any further appeal. According to the company's disclosure, the financial impact will be limited to the extent of the revised demand and penalty.

Key aspects of the resolution include:

• Complete acceptance of the appellate authority's decision
• No further legal proceedings planned
• Minimal financial impact on company operations
• No effect on operational, financial, or other business activities

Regulatory Compliance

Bajaj Electricals made the disclosure under Regulation 30 of the SEBI Listing Regulations on April 23, 2026. The company's Chief Compliance Officer & Company Secretary, Prashant Dalvi, signed the regulatory filing, ensuring compliance with applicable listing requirements.

The successful appeal represents a significant reduction in the company's GST liability, with the revised demand being substantially lower than the original assessment.

Bajaj Electricals Limited has received an adverse appeal order from GST authorities, upholding a total demand of Rs 1.16 crore including penalties. The company disclosed this development to stock exchanges on April 17, 2026, under regulatory compliance requirements.

Appeal Order Details

The company received the adverse Appeal Order dated March 30, 2026, on April 16, 2026, at 3:22 p.m. The order was issued by the Office of the Commissioner (Appeals) of Customs, CGST & Central Excise, Patna, Bihar. The Appellate Authority rejected the company's appeal and upheld the original assessment order.

Background of the Case

The dispute stems from an assessment order issued on May 25, 2023, by the Assistant Commissioner of Sales Tax, Kotwali, Bihar, under section 74(1) of the CGST/SGST/IGST Act, 2017. The order raised concerns regarding alleged disallowance of transitional credit availed in 'Form Tran 1'. The company had previously filed an appeal against this original order before the Appellate Authority.

Company's Response and Next Steps

The management is currently evaluating appropriate legal options available to challenge the adverse appeal order. The company's potential legal remedies include:

• Filing an appeal before the appropriate appellate tribunal
• Filing a writ petition before the Hon'ble High Court

Financial and Operational Impact

According to the company's disclosure, the financial impact of the Appeal Order, if it materializes, would be limited to the extent of the demand raised and penalty levied. The company has clarified that there is no impact on its operational, financial, or other activities due to this order or assessment.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, and the company's Policy on the Determination of Materiality for Disclosure of Events or Information.