Pursuant to the provisions of Regulation 30 (read in conjunction with Part A of Schedule III) of the SEBI Listing Regulations, and the Company's Policy on the Determination of Materiality for Disclosure of Events or Information, 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 and the Company and their respective shareholders and creditors, under Section 143(3) read with Section 260(1A) of the Income Tax Act, 1961, which results in a refund of Rs 11.17 crore for assessment year 2020-21.
The above information is a part of company’s filings submitted to BSE.
