Jtekt India Limited — Important, 01-07-2025: General Updates

JTEKT India’s subsidiary, JTEKT Sona Automotive, has received a Show Cause Notice from the GST authorities in Chennai regarding IGST of Rs 24.7 lakh under the Reverse Charge Mechanism on expats, along with penalties and interest. The company states no financial or operational impact as it is preparing a response. This issue currently poses no material risk to JTEKT India’s performance or operations.