Balkrishna industries Limited has received an adjudication order from tax authorities demanding Rs. 4.80 crores, covering financial years 2021-22 to 2023-24. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI LODR Regulations on March 31, 2026.

Order Details and Authority

The adjudication order was issued by the Additional Commissioner of CGST & Central Excise, Mumbai Central Commissionerate, under section 74(1) of CGST/MGST Act, 2017 read with Section 11 of Compensation Cess Act, 2017. The company received intimation of the order on March 30, 2026, at 5:48 PM via email.

Nature of Alleged Violations

The demand has been confirmed along with equivalent penalty on account of two main issues:

• Availment of inadmissible credit
• Non-payment of tax under reverse charge mechanism

The order was issued under the provisions of CGST/MGST Act, 2017, indicating violations related to goods and services tax compliance during the specified period.

Company's Response and Impact Assessment

Balkrishna Industries has stated that there is no impact on the financial, operational, or other activities of the company due to the alleged tax demand. The company emphasized that the order is appealable and confirmed it is in the process of contesting the decision at the higher appellate level.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of SEBI LODR Regulations, 2015. The information has also been placed on the company's website at www.bkt-tires.com for public access. This regulatory filing ensures transparency regarding material developments that could potentially affect stakeholder interests.

Balkrishna Industries Limited has received an adjudication order from GST authorities with a confirmed demand of Rs. 93.73 Lakhs for financial years 2019-20 and 2020-21. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI LODR Regulations on March 31, 2026.

GST Adjudication Order Details

The Assistant Commissioner of CGST, Division Bhuj, Gandhdham (Kutch) issued the adjudication order dated March 25, 2026, under section 74(1) of CGST Act, 2017. The order was issued in conjunction with corresponding statutory provisions of the Gujarat State GST Act, 2017 and Section 20 of the IGST Act, 2017.

Financial Impact and Demand Components

The adjudication order confirms a total demand of Rs. 93.73 Lakhs along with equivalent penalty. The demand arises from disallowance of input tax credit claimed by the company during the specified financial years.

Company's Response and Next Steps

Balkrishna Industries has clarified that there is no impact on the financial, operational or other activities of the company due to the alleged tax demand. The company emphasized that the order is appealable and stated it is in the process of contesting the decision at the higher appellate level.

The company received the intimation via email and has fulfilled its disclosure obligations by informing the stock exchanges and placing the information on its website at www.bkt-tires.com . This regulatory compliance ensures transparency with stakeholders regarding the GST proceedings.