Maruti Suzuki India Limited has informed stock exchanges about receiving an adjudication order from the West Bengal GST Authority on December 22, 2025. The regulatory disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Adjudication Order Details

The adjudication order covers the period from April 2018 to March 2023 and relates to GST credit availment issues. The West Bengal GST department has imposed both tax demand and penalty on the automotive manufacturer.

Company's Response and Impact Assessment

Maruti Suzuki has assessed that there is no major impact on the company's financial, operational, or other activities due to this GST adjudication order. The company has indicated its intention to challenge the order through the appropriate legal channels.

The automotive manufacturer plans to file an appeal against the adjudication order to the first appellate authority, exercising its right to contest the GST department's decision.

Regulatory Compliance

The disclosure was made by Sanjeev Grover, Executive Officer and Company Secretary of Maruti Suzuki India Limited, in compliance with stock exchange listing requirements. The company has fulfilled its obligation to inform investors about material developments that could potentially affect its operations.

Maruti Suzuki India Limited executed a substantial block trade on the National Stock Exchange (NSE), marking significant institutional activity in the automotive sector. The transaction represents one of the notable block deals in the Indian equity market.

Block Trade Details

The block trade transaction involved key parameters that highlight the scale of institutional participation in Maruti Suzuki shares:

Understanding Block Trades

Block trades represent large-volume transactions typically executed by institutional investors outside the regular market mechanism. These transactions are designed to minimize market impact while facilitating substantial share transfers. The execution of such trades often indicates:

• Institutional portfolio rebalancing activities
• Large-scale investment decisions by mutual funds or insurance companies
• Strategic stake changes by major investors
• Efficient price discovery for substantial volumes

Market Implications

The ₹50.00 crore transaction at ₹16,607.00 per share demonstrates continued institutional interest in Maruti Suzuki India Limited. Block trades of this magnitude typically reflect confidence in the company's fundamentals and long-term prospects, as institutional investors conduct thorough due diligence before executing such substantial transactions.

The price point of ₹16,607.00 per share for this block trade provides insight into institutional valuation perspectives for the automotive manufacturer. Such transactions contribute to overall market liquidity while ensuring minimal disruption to regular trading activities.