BSECompany Update3d ago · 22 Sept 2026, 04:28 pm

We hereby inform you that the Company has received order from office of the Assistant Commissioner of CGST, Bhuj Division.

Balkrishna Industries Ltd-$ · 502355

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Balkrishna Industries Ltd has received an adjudication order from the Assistant Commissioner of CGST, Bhuj Division, for Rs. 1.05 Crs along with a penalty, for disallowance of input tax credit for the financial years 2021-22 & 2022-23. The company states that there is no impact on its financial, operational or other activities due to the alleged tax demand.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Balkrishna Industries Ltd-$ - 502355 - Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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BIL/SE/2026-27 22nd September, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai 400 051 Equity Scrip Code: 502355 (Equity) Trading Symbol: BALKRISIND Scrip Code : 977667 (Debt) (INE787D 08047) Scrip Code : 977668 (Debt) (INE787D 08039) Scrip Code : 977669 (Debt) (INE787D 08054) Scrip Code : 978121 (Debt) (INE787D08062) Scrip Code : 978123 (Debt) (INE787D08070) Scrip Code : 978122 (Debt) (INE787D08088) Dear Sir/Madam, Sub : Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is to inform you that the Company has received Order from Office of the Assistant Commissioner of CGST, Bhuj Division. The details as required to be provided as per sub-para 20 of Para A of Part A of Schedule III of SEBI LODR Regulations are included in the Annexure and the requisite information under the said Regulation is annexed. Intimation of the Order was received by the Company on 21st September, 2026, by email, at 6:14 p.m. (IST). We request you to kindly take the same on record and disseminate. The aforesaid information is also being placed on the website of the Company at www.bkt-tires.com. Thanking you, Yours faithfully, For Balkrishna Industries Limited Vipul Shah Director & Company Secretary And Compliance Officer DIN: 05199526 Encl: As Above Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office : BKT House, C / 15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar– 431 136, Maharashtra, India Annexure Sr. No. Particulars Information / Remarks 1 Name of the authority Assistant Commissioner of CGST, Division Bhuj, Gandhdham (Kutch) 2 Nature and details of the action(s) Adjudication order issued u/s 74(1) of CGST Act, 2017 and taken or order(s) passed rules made thereunder read with corresponding statutory provisions of the Gujarat State GST Act, 2017 and Section 20 of the IGST Act, 2017. 3 Date of receipt of direction or September 21, 2026, at 06.14 PM. order, including any ad-interim or interim orders, or any other communication from the authority 4 Details of the violation(s)/ The Company has received an adjudication order dated contravention(s) committed or September 21, 2026, under section 74(1) of CGST Act, 2017, alleged to be committed for the financial year 2021-22 & 2022-23, wherein a demand has been confirmed for Rs. 1.05 Crs along with the equivalent penalty on account of disallowance of input tax credit. 5 Impact on financial, operation There is no impact on the financial, operational or other or other activities of the listed activities of the Company due to the alleged tax demand. The entity, quantifiable in monetary Order is Appealable & the Company is in the process of terms to the extent possible contesting at the higher Appellate level. Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office : BKT House, C / 15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar– 431 136, Maharashtra, India