Bajaj Auto Limited — Others, 25-02-2025: Action(s) taken or orders passed

Bajaj Auto has announced a board meeting to discuss an order from the Assistant Commissioner in Chennai, imposing a penalty due to discrepancies in Input Tax Credit reported in GSTR-3B for FY 2020-21. The company must pay ₹85,876 in taxes along with an interest and penalty amounting to ₹20,000. However, the company stated that this order is currently appealable and does not pose a material impact on its financials or operations. Investor sentiment may remain stable as the company's financial health appears unaffected, while the appeal process could present an opportunity for reassessment.