Maruti Suzuki India Limited has informed stock exchanges about receiving an adjudication order from the West Bengal GST Authority. 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 pertains to the period from April 2018 to March 2023 and relates to the matter of GST credit availment. The financial implications of the order are detailed in the following table:

Company's Response and Impact Assessment

Maruti Suzuki has assessed that there will be no major impact on the company's financial, operational, or other activities due to this adjudication order. The company has outlined its next course of action regarding the order.

Planned Legal Action

The company has announced its intention to challenge the adjudication order through the appropriate legal channels:

• Filing an appeal against the order to the first appellate authority
• Pursuing legal remedies available under GST regulations

Regulatory Compliance

The disclosure was made in compliance with listing regulations, with the company providing requisite information as per Para A of Part A of Schedule III under Regulation 30.

The adjudication order represents a regulatory development that Maruti Suzuki is addressing through established legal procedures while maintaining that it does not expect significant operational disruption from this matter.

Maruti Suzuki India Limited recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant institutional trading activity in the automotive sector. The transaction represents one of the notable block deals in the stock during recent trading sessions.

Block Trade Details

The block trade executed on NSE involved key parameters that demonstrate the scale of institutional interest in the company's shares.

Market Implications

Block trades are typically executed by institutional investors, mutual funds, or large portfolio managers when they need to buy or sell substantial quantities of shares. These transactions are conducted outside the regular market to avoid impacting the stock's market price through large volume trades.

The execution price of ₹16,399.00 per share reflects the prevailing market conditions at the time of the transaction. Such block deals often provide insights into institutional sentiment and portfolio rebalancing activities among major market participants.

Transaction Significance

The ₹51.10 crore transaction value underscores the continued institutional interest in Maruti Suzuki India's equity. Block trades of this magnitude typically involve sophisticated investors who conduct thorough due diligence before executing such substantial transactions.

The automotive sector has been witnessing varied institutional activity, and this block trade adds to the overall trading dynamics in the sector. The transaction involving over 31,000 shares represents a meaningful volume that could influence short-term trading patterns.

This significant block trade on the NSE worth ₹51.10 crores, involving 31,158 shares at ₹16,399.00 per share, indicates substantial institutional activity in Maruti Suzuki India's stock. Such transactions often serve as important indicators for market analysts and investors, providing insights into potential shifts in institutional holdings and market sentiment towards the company.