Bajaj Consumer Care Limited — Important, 22-02-2025: General Updates

Bajaj Consumer Care Limited has received an order from the State Tax Department demanding tax of Rs 1.34 crore, interest of Rs 99,003, and a penalty of Rs 32,588 due to an excessive claim of Input Tax Credit (ITC) under the Reverse Charge Mechanism. While the company is in the process of filing an appeal at a higher appellate level, it has indicated that this order will not impact its operations or financial activities. Investors should monitor this situation closely; while the immediate effect appears neutral, outcomes from the appeal could influence future financial positioning.