Bharat Forge Limited , a prominent Indian multinational company, has received a significant duty demand order from the Office of the Commissioner of Customs (Imports), according to a recent regulatory filing. The order, which pertains to alleged short payment of Integrated Goods and Services Tax (IGST) on reimported goods, has raised concerns about potential financial implications for the company.

Key Details of the Duty Demand Order

All amounts in crore rupees

The order includes:

1. An IGST demand of Rs 1.54 crore
2. An equivalent penalty
3. Applicable interest
4. An additional fine of Rs 1.00 crore under the Customs Act, 1962

Company's Response and Impact

Bharat Forge has stated that it is exploring options to challenge the order passed by the customs authority. Despite the substantial amount involved, the company has assured stakeholders that this development will not have a material impact on its financial, operational, or other activities.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharat Forge has promptly disclosed this information to the stock exchanges. The company's transparency in reporting such regulatory matters is in line with its commitment to good corporate governance practices.

Conclusion

While the duty demand order represents a significant amount, Bharat Forge's stance on its immaterial impact suggests the company's robust financial position. As the situation develops, investors and stakeholders will likely keep a close watch on the company's next steps, particularly its potential challenge to the order and any subsequent outcomes.

Bharat Forge Limited , a leading Indian multinational company, has encountered a legal setback in its ongoing dispute with the Pune Cantonment Board (PCB). The Pune District Court has recently confirmed an assessment order issued by the PCB against the company, potentially impacting its operations in the area.

Court Decision and Its Implications

The Pune District Court, in its order dated October 1, 2025, dismissed Bharat Forge's appeal challenging the Assessment Notice dated November 30, 2022, along with subsequent bills for the fiscal years 2023-24 and 2024-25. This decision effectively upholds the legality of the PCB's assessment notice, marking a significant development in the ongoing litigation.

Key Details of the Court Order

Company's Response and Future Actions

In response to this development, Bharat Forge has stated that it is exploring options to challenge the Pune District Court's order. The company emphasized that there is no immediate cash outflow resulting from this decision, as the demanded amount has already been discharged. Furthermore, Bharat Forge assured stakeholders that the court's decision does not impact its current operations or other activities.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharat Forge promptly disclosed this information to the stock exchanges. The company's transparency in communicating these legal developments demonstrates its commitment to keeping shareholders and the market informed of significant events.

As the situation continues to evolve, investors and industry observers will be closely watching Bharat Forge's next steps in addressing this legal challenge and its potential long-term implications for the company's operations within the Pune Cantonment area.