Mahindra & Mahindra has informed that the Company has received an order from the Office of the Commercial Tax Officer, Saharanpur, Uttar Pradesh imposing a penalty u/s 129(3) of the CGST Act, 2017 amounting to Rs 8,83,646 in relation to the alleged E-way bill discrepancy in respect of goods transported from Vendor location in Gujarat to the Company’s Auto Division plant at Haridwar, Uttarakhand. Based on the Company’s assessment, an appeal will be filed and the Company is hopeful of a favourable outcome at the appellate level and does not reasonably expect the said Order to have any material financial impact on the Company. The Order dated 15th December, 2023 has been received by the Company today at 3:50 pm. The details of the above Order, as required under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 are enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Maruti Suzuki | 12600.00 |
Mahindra & Mahindra | 2504.50 |
Mercury Metals | 74.30 |
Hindustan Motors | 40.61 |
Suzuki (India) | |
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