Jtekt India Limited — Important, 07-02-2025: General Updates

The company has received a Show Cause Notice from the Department of Excise and Taxation in Gurugram over a tax assessment for the year 2016-17. The notice claims a tax liability of ₹17.73 lakh. The allegation relates to the non-payment of the Haryana Tax on Entry of Goods into Local Areas. However, management has indicated that this issue is not expected to materially impact the company's financials or operations, as they are in the process of preparing a response to the notice. Investors should watch closely for further developments, as this situation may evolve but currently poses no significant risk to the company's outlook.