Bajaj Electricals Limited has disclosed receipt of an adverse Order in Appeal dated May 15, 2026, issued by the Joint Commissioner, Secunderabad, Telangana, in connection with a Goods and Services Tax (GST) demand case. The disclosure was made to stock exchanges on May 16, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Background of the GST Demand
The matter originates from an order dated August 31, 2024, passed under Section 73 of the CGST/TGST Act, 2017, by the Office of the Deputy Commissioner, Secunderabad STU-1, Telangana. The GST Authority alleged that the company had claimed excess input tax credit (ITC) during FY 2019-20, resulting in a total demand being imposed on the company. The key financial details of the demand are as follows:
| Parameter: | Details |
| Total Demand: | Rs. 16.42 lakh |
| General Penalty: | Rs. 1.49 lakh |
| Period Under Dispute: | FY 2019-20 |
| Issuing Authority: | Deputy Commissioner, Secunderabad STU-1, Telangana |
| Relevant Provision: | Section 73 of the CGST/TGST Act, 2017 |
Adverse Appellate Order Received
Bajaj Electricals had previously filed an appeal against the original order. However, the Joint Commissioner, Secunderabad, Telangana, acting as the Appeal Authority, dismissed the appeal vide an Order in Appeal dated May 15, 2026, received by the company on May 15, 2026, at 03:06 p.m. The Appeal Authority did not consider the submissions made by the company and upheld the original demand.
Company’s Response and Legal Remedies
Following the dismissal of its appeal, the management has stated it is evaluating appropriate legal remedies available under law. The options being considered include:
- Filing an appeal before the appropriate appellate tribunal
- Initiating writ proceedings before the Hon’ble High Court against the Appeal Order
Financial and Operational Impact
The company has clarified that the financial impact of the Appeal Order, if it materialises, would be limited to the extent of the demand raised and penalty levied thereunder. Bajaj Electricals further stated that there is no impact on the operational, financial, or other activities of the company on account of this order or assessment. The disclosure was signed by Prashant Dalvi, Chief Compliance Officer & Company Secretary, on May 16, 2026.
