Kotak Bank has received a significant GST order from tax authorities, marking a regulatory development that requires immediate disclosure under stock exchange regulations. The bank received the order from the office of the Additional Commissioner of Central Goods and Service Tax, Ahmedabad, totaling ₹61.19 lakh for disallowed input tax credits from FY2018-19 to FY2020-21.

GST Order Details

The order imposes a comprehensive demand on the bank covering multiple components under GST legislation.

Background of the Demand

The GST demand has arisen specifically due to disallowance of input tax credit as per GST Law during a three-year period. The affected financial years span from 2018-19 to 2020-21, indicating the order addresses historical tax credit claims made by the bank during this period.

The penalty component is described as non-discretionary, imposed under Section 74 of the CGST Act read with Section 122 of the CGST Act, 2017, along with corresponding provisions of the Gujarat Goods and Services Tax Act, 2017.

Bank's Response Strategy

Kotak Mahindra Bank has expressed confidence in its position regarding the matter. The bank plans to file an appeal against the order, believing it has adequate grounds to support its stance.

The bank has indicated that the impact of the order would be limited to the amount of levy payable under the aforementioned order, suggesting the financial impact is contained to the specified demand amount.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. The bank has requested stock exchanges BSE Limited and National Stock Exchange of India Limited to take the information on record and disseminate it on their websites.

This regulatory intimation demonstrates the bank's commitment to maintaining transparency regarding material developments that could impact its operations or financial position.

Kotak Bank has announced its participation in an investor meeting scheduled for December 16, 2025, as part of the Citi India Financials Tour 2025 in Mumbai. The bank has formally notified both BSE Limited and National Stock Exchange of India Limited about this engagement with analysts and institutional investors.

Regulatory Compliance and Disclosure

The notification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and investor meetings to ensure transparency and proper dissemination of information to the market.

Meeting Details

The following table summarizes the key details of the investor meeting:

Stock Exchange Information

Kotak Mahindra Bank Limited trades on both major Indian stock exchanges with multiple scrip codes and symbols:

Corporate Information

The disclosure was signed by Avan Doomasia, Company Secretary of Kotak Mahindra Bank Limited. The bank's registered office is located at 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India. The company operates under CIN: L65110MH1985PLC038137.

Such investor meetings are routine corporate activities that allow financial institutions to engage with the investment community, providing updates on business performance and strategic initiatives while maintaining regulatory compliance.