Kirloskar Electric Receives ₹12.57 Lacs Tax Demand Notice

Kirloskar Electric Company Ltd has received a Show Cause Notice in Form DRC-01 from the Deputy Commissioner of Commercial Taxes demanding payment of ₹12,56,693 (₹7,61,000 tax and ₹4,95,693 interest) for the audit period April 2022 to March 2023. The notice pertains to alleged reduction of outward liability, excess claim, and ITC reversible. The company stated that there is no material impact on its financial or operational activities, except for the demand itself, and is exploring options to contest it. The event occurred on September 29, 2026.