Bajaj Electricals has informed that the Company has received an order from the Office of Asst. Commissioner of Income Tax, giving effect to the order of the Hon'ble Bombay High Court regarding the scheme of demerger between Hind Lamps Limited and the Company, under section 143(3) read with section 260(1A) of the Income Tax Act, 1961, which results in a refund of Rs. 9.87 crore for assessment year 2016-17.
The above information is a part of company’s filings submitted to BSE.