SML Mahindra Limited has received a penalty order of Rs 11.47 lacs from tax authorities in Haryana for alleged E-Way Bill compliance violations. The commercial vehicle manufacturer disclosed this development to stock exchanges on February 26, 2026, in compliance with regulatory requirements.

Penalty Order Details

The Assistant Excise and Taxation Officer cum Proper Officer, Joint Excise & Commissioner, Faridabad (Range) issued the order on February 25, 2026, under Section 129(3) of the HGST/CGST Act, 2017. The order confirms a penalty demand of IGST amounting to Rs 11.47 lacs under Section 129(1)(a) of the said Act read with the IGST Act, 2017.

Nature of Violation

The penalty order relates to the company's alleged failure to update Part B of the E-Way Bill, which is a mandatory requirement under GST regulations. E-Way Bills are electronic documents required for the movement of goods worth more than Rs 50,000 and must be properly maintained and updated during transit.

Company's Response

SML Mahindra Limited has indicated that it will file an appeal against this order before the next Adjudicating Authority. The company made this disclosure pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact

The company has stated that the financial impact is as mentioned in the order details, referring to the Rs 11.47 lacs penalty amount. The disclosure was made through the company's Company Secretary & Compliance Officer, Parvesh Madan, to both BSE and NSE.

SML Mahindra Limited, formerly known as SML Isuzu Limited, is engaged in the manufacturing of trucks and buses. The company's registered office and works are located in Village Asron, District Shahid Bhagat Singh Nagar (Nawanshahar), Punjab.

SML Mahindra Limited has announced the relocation of its corporate office to new premises in Mohali, Punjab, marking a strategic shift in its administrative operations. The commercial vehicle manufacturer communicated this development to stock exchanges as part of its regulatory compliance obligations.

Office Relocation Details

The company has shifted its corporate office operations effective February 23, 2026, moving from its previous location in Chandigarh to a modern facility in Mohali's industrial corridor.

Regulatory Compliance

The relocation was formally communicated to both BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Parvesh Madan signed the official intimation, ensuring full regulatory compliance.

Operational Continuity

SML Mahindra has emphasized that the relocation affects only the corporate office address, with no changes to its registered office and manufacturing operations. The company's registered office and works continue to operate from Village Asron in Punjab's Shahid Bhagat Singh Nagar district.

The new corporate office location in T7 Tech Park positions the company within Mohali's established industrial infrastructure, potentially offering enhanced connectivity and modern facilities for administrative operations.