Jamna Auto Industries Ltd has been granted an eight-week window to file its reply to tax authorities regarding a disputed input tax credit claim of ₹1.86 crore. The Punjab and Haryana High Court disposed of the company's writ petition on October 1, 2026, directing that the matter be decided after a reasoned order following this submission.

The litigation stems from a notice issued by the Proper Office (State Tax)-cum-Excise & Taxation Office in Jagadhri, Haryana, dated September 5, 2023. The authorities challenged the eligibility of the input tax credit (ITC) amount claimed and utilized by the company. In response, Jamna Auto filed Civil Writ Petition No. 21801 of 2023 before the High Court at Chandigarh.

Court directives and next steps

The High Court's judgment allows the company to file a reply or supplementary reply, along with supporting materials, within the stipulated eight-week period. The Proper Officer is required to pass a reasoned and speaking order after granting an opportunity for hearing, adhering to the guidelines laid down in the judgment.

What the numbers show

The dispute centers on a specific regulatory challenge rather than a broad financial liability, with the contested amount fixed at ₹1.86 crore. The court's decision to dispose of the petition without imposing an immediate penalty or stay indicates that the procedural aspect of the tax assessment remains open for administrative resolution. The company must now substantiate its ITC claims within the defined timeline to influence the final reasoned order.

Jamna Auto Industries promoter Pradeep Singh Jauhar released a pledge on 30,30,000 equity shares of the company, effective October 2, 2026. This release corresponds to 0.76% of the company's total share capital.

The disclosure was filed with BSE and NSE on October 5, 2026, under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledged shares were originally encumbered in favor of Infina Finance Private Limited for securing a loan.

Promoter holding details

Following the release, Pradeep Singh Jauhar holds 1,58,49,323 shares, representing 3.96% of the total share capital. Prior to this event, 30,30,000 of these shares were encumbered. The post-event holding of encumbered shares for this specific tranche is now zero.

The table below outlines the shareholding pattern of the promoter group as reported:

What the numbers show

The release of pledge significantly reduces the financial leverage associated with Pradeep Singh Jauhar's personal stake. Before this transaction, approximately 19.1% of his total holdings (30,30,000 out of 1,58,49,323 shares) were pledged. With the encumbrance fully released, his entire current holding is now free of pledge obligations against Infina Finance Private Limited. Map Auto Limited remains the largest single shareholder in the promoter group with 33.75% ownership, none of which is currently encumbered.