Tenneco Clean Air India Faces ₹372 Million Stamp Duty & Penalty

Tenneco Clean Air India Ltd has disclosed a significant legal development concerning a stamp duty and penalty demand. The Collector of Stamps, Enforcement-I, Mumbai, has issued an order confirming a stamp duty of ₹128.46 million and enhancing the penalty to ₹243.59 million, totaling ₹372.04 million. This action relates to the instrument comprising the order dated April 26, 2019, sanctioning the Scheme of Arrangement (Demerger) between Tenneco Automotive India Private Limited and Tenneco Clean Air India Ltd. The company had previously challenged an earlier order and is currently evaluating appropriate legal remedies after receiving the final order on November 3, 2026.