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Escorts Kubota LimitedOthers, 17-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

17-07-2025 | 05:13 pm

Escorts Kubota Limited has received a Show Cause Notice from the Assistant Commissioner, Division Faridabad North, Haryana, proposing to reject a refund of Rs. 7.48 Crore. This refund relates to the Inverted Duty Structure under GST. The company believes the GST Department used an incorrect formula for calculation and will contest these allegations. Escorts Kubota expects no material financial impact from this matter. This development is relevant to shareholders as it addresses a potential financial claim against the company and outlines management's response.

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