Bajaj Auto Limited — Others, 10-01-2025: Action(s) taken or orders passed

Bajaj Auto has announced a board meeting to discuss an order imposing a penalty from the Assistant Commissioner, CGST & Central Excise in Patna. The penalty concerns excess Input Tax Credit claimed for FY 20-21, with a tax demand of ₹11.62 crore and an additional penalty of ₹1.34 lakh. Despite this development, the company plans to appeal the order, stating that it fulfills GST conditions and that this issue will not significantly affect its financial health. Investors may take a neutral outlook, acknowledging the company's proactive stance to contest the penalty without major financial repercussions.