Bajaj Electricals Limited has provided an update regarding a final assessment order received from the Superintendent, Range-I, Division-II, CGST & Central Excise, Mumbai South Commissionerate, Maharashtra.

This order, related to GST input mismatch, initially involved an alleged gross demand of ₹11.51 lakh, including a general penalty of ₹1.68 lakh. The company had previously filed an appeal against this demand.

The management of Bajaj Electricals has now decided to partially accept the demand, agreeing to pay ₹6.71 lakh, which includes a general penalty of ₹0.61 lakh. For the remaining portion of the demand, the company will continue to contest the case before the appellate authority.

The financial impact on the company is limited to the accepted demand and penalty. The announcement states there is no impact on the overall financial operations or other activities of the company due to this order.