JTEKT India receives ₹26.91 lakh tax demand from Haryana

1 min read     Updated on 17 Jun 2026, 04:35 AM
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JTEKT India Limited received a tax demand of ₹26.91 lakh from the Excise and Taxation officer-cum Assessing Authority Gurugram for alleged non-payment of entry tax for financial years 2015-16 to 2017-18. The company stated that the notice, received on June 15, 2026, does not have a material impact on its financials or operations as it intends to file a reply against the order.

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JTEKT India Limited has received a tax demand of ₹26.91 lakh from the Excise and Taxation officer-cum Assessing Authority Gurugram for alleged non-payment of entry tax. The demand covers the financial years 2015-16 to 2017-18 under the Haryana Tax on Entry of Goods into Local Areas Act 2008. The company stated that the notice does not have a material impact on its financials or operations as it is in the process of filing a reply against the order.

The intimation was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The assessment notices were received via email on June 15, 2026. The authority has directed the payment of the tax amount aggregating to ₹26,91,900.

Details of the Demand

The company disclosed the specifics of the tax demand in an annexure to the regulatory filing. The notices cite a violation regarding the non-payment of the Haryana Tax on Entry of Goods into Local Areas.

Authority Excise and Taxation officer-cum Assessing Authority Gurugram (Haryana)
Nature of action Three notices of assessment and demand under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act 2008
Period Financial years 2015-16 to 2017-18
Demand amount ₹26.91 lakh
Date of receipt June 15, 2026
Alleged violation Non-payment of Haryana Tax on Entry of Goods into Local Areas

JTEKT India maintains that the financial implications are not material given its intent to contest the demand. The company is currently preparing its response to the assessing authority.

Historical Stock Returns for Jtekt

1 Day5 Days1 Month6 Months1 Year5 Years
+0.01%+13.69%+6.53%-2.09%-1.48%+31.91%

What is the likelihood of JTEKT India successfully overturning the tax demand based on precedents for similar cases under the Haryana Tax on Entry of Goods into Local Areas Act?

Could this tax dispute indicate a broader scrutiny of entry tax compliance for other manufacturing companies operating in Haryana?

How might the legal costs and management attention required to contest this demand impact JTEKT India's operational efficiency in the short term?

JTEKT India fixes AGM date, recommends final dividend

2 min read     Updated on 10 Jun 2026, 03:38 AM
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JTEKT India Limited has fixed August 26, 2026, as the date for its 42nd Annual General Meeting, which will be held via video conferencing. The Board recommended a final dividend of ₹0.75 per equity share of ₹1 face value, pending shareholder approval. The company also opened a special window for re-lodgement of physical share transfer requests and notified shareholders about the transfer of unclaimed dividends to the IEPF.

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JTEKT India Limited has scheduled its 42nd Annual General Meeting (AGM) for Wednesday, August 26, 2026, at 11:30 a.m. IST, to be conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM). The Board of Directors has recommended a final dividend of ₹0.75 per equity share of ₹1 face value, subject to the approval of shareholders at the meeting. The record date for determining eligibility for the dividend will be announced in accordance with regulations.

The proceedings of the AGM will be deemed to be conducted at the company's registered office. Electronic copies of the AGM notice and the Annual Report 2025-26 will be sent to shareholders whose email IDs are registered with the company or depository participants. These documents will also be available on the company's website and the website of KFin Technologies Limited, the agency providing the e-voting platform.

Shareholders holding shares in physical mode are required to update their KYC details, including PAN, address, email, mobile number, and bank account details, by submitting Form ISR-1 and Form ISR-2 to the Registrar and Share Transfer Agent, KFin Technologies Limited. Those holding shares in dematerialized form must update their details with their respective depository participants.

Key Meeting and Dividend Details

Event Details
Meeting 42nd Annual General Meeting
Date August 26, 2026
Time 11:30 a.m. IST
Mode Video Conferencing / Other Audio-Visual Means
Dividend ₹0.75 per equity share
Face Value ₹1 per share

Members can cast their votes through remote e-voting or the e-voting system during the AGM. The company stated that the dividend payment will be made through electronic modes approved by the Reserve Bank of India, as specified in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Special Window for Share Transfer

Pursuant to a SEBI circular dated January 30, 2026, the company has opened a special window for the re-lodgement of transfer requests for physical shares. This window is available for one year, from February 5, 2026, to February 4, 2027. It applies to transfer requests that were submitted and rejected or returned before April 1, 2019, due to document deficiencies or other reasons. Approved transfers will be issued only in dematerialized form.

The company also informed shareholders regarding the transfer of shares to the Investor Education and Protection Fund (IEPF). Individual communications have been sent to shareholders who have not claimed dividends for the last seven consecutive years. Details of such shareholders are available on the company's website.

Historical Stock Returns for Jtekt

1 Day5 Days1 Month6 Months1 Year5 Years
+0.01%+13.69%+6.53%-2.09%-1.48%+31.91%

How will the special window for physical share transfers impact the company's dematerialization statistics and shareholder base by February 2027?

What is the expected payout ratio for the final dividend, and how does it align with JTEKT India's capital allocation strategy for FY2027?

Will the company provide guidance on future dividend policies or capital expenditure plans during the upcoming AGM?

More News on Jtekt

1 Year Returns:-1.48%