Jtekt India Limited — Important, 26-03-2025: General Updates

JTEKT India Limited has received a Show Cause Notice from the Income Tax Department related to fiscal year 2019-20 concerning its amalgamated subsidiary, JTEKT Sona Automotive India Limited. The notice indicates discrepancies in import values, citing a difference of INR 728.81 million, and a minor variance in outward foreign remittances of INR 0.43 million. The company intends to respond to the notice, which currently does not pose any financial or operational impact, nor does it carry penalties. Therefore, investors may view this situation as a neutral impact while the company clarifies the discrepancies.