Bajaj Electricals: Adverse Appellate Order for ₹18.9 Lakh GST Demand

Bajaj Electricals Ltd. received an adverse appellate order dated May 30, 2026, regarding a GST demand of ₹18.90 lakh (including a penalty of ₹0.86 lakh) for FY 2020-21. The appellate authority dismissed the company's appeal against the original assessment order issued under Section 73 of the Goods and Services Tax Act, 2017. The management is evaluating legal remedies, including filing an appeal or initiating writ proceedings. The financial impact, if materializes, is limited to the demand and penalty. The company states that the order does not impact its operational or financial activities.