Orient Electric Limited has received favorable orders from GST authorities, with proceedings worth ₹4.70 crores being dropped with NIL demand. The company informed stock exchanges on December 30, 2025, about orders received from two separate GST authorities that have concluded in the company's favor.

GST Proceedings Dropped by Kochi Authority

The Joint Commissioner, Central Tax and Central Excise, CGST Kochi issued an order on December 30, 2025, dropping proceedings that were initiated through a show cause notice dated June 28, 2025. The original proceedings involved significant financial implications for the company.

Jammu Authority Also Drops Proceedings

Similarly, the Assistant Commissioner, Jammu issued an order on December 29, 2025, dropping proceedings against another show cause notice dated June 26, 2025. This case also involved allegations related to LED goods classification.

Company's Response Strategy

Both cases involved similar allegations regarding the classification of LED goods under the HSN (Harmonized System of Nomenclature) code. Orient Electric had filed comprehensive replies to both show cause notices, addressing the authorities' concerns about potential GST short payments. The company's detailed responses successfully demonstrated compliance, leading to the favorable outcomes.

Financial Impact Assessment

The resolution of both GST proceedings has resulted in no financial impact on Orient Electric Limited. The company has confirmed that with the proceedings being dropped with NIL demand, there will be no impact on its financial, operational, or other activities. The total value of demands that have been nullified amounts to ₹4,69,07,367.00, providing significant relief to the company.

The favorable resolution of these GST proceedings demonstrates Orient Electric's compliance with tax regulations and its ability to effectively address regulatory challenges through proper documentation and comprehensive responses to authorities.

Orient Electric Limited , a CK Birla Group Company, has announced a significant employee stock option grant under its Employee Stock Option Scheme-2019. The move, aimed at incentivizing and retaining talent, comes as part of the company's strategic human resource initiatives.

Key Details of the Stock Option Grant

Vesting and Exercise Details

The stock options granted by Orient Electric will vest in two tranches:

1. 40% of the options will vest at the end of the first year from the grant date.
2. The remaining 60% will vest at the end of the second year from the grant date.

Once vested, employees will have a four-year window to exercise their options from their respective vesting dates.

Regulatory Compliance and Approval

The grant of these stock options was determined by Orient Electric's Nomination and Remuneration Committee, ensuring compliance with the Securities and Exchange Board of India (SEBI) regulations. This move aligns with the company's commitment to good corporate governance practices.

Implications for Employees and the Company

This stock option grant represents a significant opportunity for eligible employees to participate in the company's growth and success. By offering equity ownership, Orient Electric aims to align employee interests with those of the shareholders, potentially boosting motivation and retention.

For Orient Electric, this ESOP grant may serve as a tool to attract and retain top talent in a competitive market. It also demonstrates the company's confidence in its future growth prospects and its commitment to sharing that success with its workforce.

The implementation of this ESOP scheme reflects Orient Electric's strategic approach to human resource management, potentially enhancing its position as an employer of choice in the electrical consumer durables sector.