Bajaj Finance Limited — Others, 25-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bajaj Finance has received an order from the Joint Commissioner, Central Tax, Pune-II, confirming a GST demand of ₹341.28 crore related to upfront interest collected from customers for the period from July 2017 to March 2024, with an additional interest liability of ₹180.59 crore and a penalty of ₹341.28 crore. The company plans to appeal this order, as it believes the demand lacks merit based on expert legal advice. This situation introduces potential financial risk, but successful appeal could mitigate extensive liabilities, offering a significant opportunity for improved investor sentiment.