Bajaj Consumer Care Limited has received another tax demand order, this time from Bihar State Tax authorities, as disclosed in a regulatory filing under SEBI Listing Regulations on December 24, 2025. This follows the earlier tax order from Central Tax authorities in Bengaluru.

Latest Tax Order from Bihar

The company received an order from the Office of the Deputy Commissioner of State Tax Jurisdiction: Patna Special, Central, Bihar, dated December 23, 2025. The order pertains to a tax demand under Section 73(9) of CGST/BGST Act 2017.

Previous Tax Order Summary

Earlier, the company had received a tax demand from Central Tax authorities in Bengaluru for ₹13.94 lakh with a penalty of ₹1.73 lakh under Section 73 of the CGST Act, 2017.

Nature of Violation

Both tax orders have been issued on account of the disallowance of GST credit. The Bihar order specifically mentions disallowance of GST credit with a declared tax value of ₹51.75 lakh. Additionally, interest of ₹34.93 lakh under Section 50 of the CGST Act, 2017 has been levied in the Bihar case.

Company's Response and Impact Assessment

Bajaj Consumer Care Limited has maintained that there is no impact on the financial, operational, or other activities of the company due to these alleged tax demands. The company has indicated that both orders are appealable and is in the process of contesting them at the higher appellate level.

Regulatory Compliance

The latest disclosure was made in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The filing was signed by Vivek Mishra, Head (Legal) and Company Secretary, with membership number A21901, ensuring transparency with stakeholders regarding regulatory developments.

Bajaj Consumer Care Limited (BCCL) has taken a significant step to align employee interests with company growth by approving a substantial stock option grant. The company's Nomination, Remuneration & Corporate Governance Committee has given the green light for the allocation of 5,00,000 stock options to eligible employees under its Employee Restricted Stock Unit Plan 2018.

Key Details of the Stock Option Grant

Vesting and Exercise Terms

The stock options come with a structured vesting schedule designed to promote long-term employee commitment:

• Vesting Period: 4 years from the grant date
• Exercise Window: Employees have up to 3 years from the vesting date to exercise their options

This long-term incentive structure aims to retain talent and motivate employees to contribute to the company's success over an extended period.

Regulatory Compliance

BCCL has confirmed that the stock option scheme complies with the Securities and Exchange Board of India (SEBI) regulations, ensuring transparency and adherence to market standards.

Strategic Implications

This move by Bajaj Consumer Care reflects a broader trend in the corporate world of using equity-based compensation to:

1. Align employee interests with shareholder value
2. Enhance retention of key talent
3. Provide a competitive edge in attracting skilled professionals

The decision to grant stock options comes at a time when companies are increasingly focusing on employee engagement and long-term value creation.

Conclusion

By implementing this stock option plan, Bajaj Consumer Care is demonstrating its commitment to fostering a culture of ownership among its employees. As the company continues to navigate the competitive personal care products market, this initiative may play a crucial role in driving innovation, productivity, and ultimately, shareholder value.

Investors and market watchers will likely keep a close eye on how this employee stock option plan influences Bajaj Consumer Care's performance and talent retention in the coming years.