Jtekt India Limited — Important, 04-02-2025: General Updates

The Company has received a Show Cause Notice from the Office of the Commissioner of CGST in Faridabad, demanding a total of ₹2,41,08,954 due to issues related to interest on supplementary invoices issued for price escalation from July 2017 to March 2020. This includes a penalty of ₹2,40,83,954 under Section 74(1) and additional penalties totaling ₹25,000 under Section 125 of the CGST Act. The company plans to appeal this order to seek a review from the appellate authority, underscoring its commitment to contest the claims. Investors should monitor this development closely as it could affect the company's financial stability and operational practices.