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Bajaj Electricals Faces Tax Demand, Evaluates Legal Options

Story Highlights
  • Bajaj Electricals Limited operates in the electrical industry, offering consumer products and engineering services.
  • The company faces a Rs.429.44 lakh tax demand and is considering legal actions, with no impact on operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Bajaj Electricals Limited ( (IN:BAJAJELEC) ) just unveiled an announcement.

Bajaj Electricals Limited has received an adverse appeal order from the Joint Commissioner of Commercial Taxes in Bengaluru, reiterating a demand of Rs.429.44 lakh for alleged excess input tax credit claims and short GST payments during FY 2019–20. The company is evaluating legal options to challenge the order, but assures that this issue does not impact its financial operations or other activities.

More about Bajaj Electricals Limited

Bajaj Electricals Limited operates in the electrical industry, offering a range of products and services including consumer products like lighting, appliances, and fans, as well as engineering and project services. The company focuses on both consumer and industrial markets.

YTD Price Performance: -28.34%

Average Trading Volume: 24,462

Current Market Cap: 63.28B INR

See more data about BAJAJELEC stock on TipRanks’ Stock Analysis page.

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