NSEAction(s) taken or orders passed5d ago · 4 Nov 2026, 03:29 pm
Action(s) taken or orders passed
Tenneco Clean Air India Limited · TENNIND
✦ AI Summary▼ NegativeRegulatory
Tenneco Clean Air India Limited has received a final order from the Collector of Stamps, Enforcement-I, Government of Maharashtra, dated October 27, 2026, reconfirming a stamp duty demand of ₹128.46 million and enhancing the penalty to ₹243.59 million. The company plans to challenge the order and is evaluating legal remedies.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
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Market Sentiment3/10
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Full Announcement
Disclosure under Regulation 30 Of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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TENNECO_04112026152848_Regulation30_Disclsoure_Fine_and_Penalties_Nov42026_updated_Signed.pdf
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TENNECO CLEAN AIR INDIA LIMITED
(formerly known as Tenneco Clean Air India Private Limited)
CIN: L29308TN2018FLC126510
Telephone: +2135 612501/506 Email:
Tennecoindiainfo@tenneco.com
Website: www.tennecoindia.com
Date: November 4, 2026
To To
National Stock Exchange of India Limited B S E Limited
Exchange Plaza, C-1, Block G P h i r o ze Jeejeebhoy Towers
Bandra Kurla Complex, D a l a l Street,
Bandra (E), Mumbai – 400051 M u m bai – 400001
Scrip Symbol: TENNIND S c r i p C o d e : 544612
Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (as amended from time to time)
Dear Sir/Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“LODR Regulations”), read with the applicable Industry Standards on
Regulation 30, we hereby inform you of the following:
The Company had, in its Red Herring Prospectus under the section “Litigation involving our Company”,
disclosed the proceedings relating to the show cause notice dated November 3, 2023 (“SCN”) issued by the
Collector of Stamps, Enforcement-I, Mumbai (“Collector”), proposing levy and recovery of stamp duty of
₹136.23 million and penalty of ₹68.12 million in relation to the instrument comprising the order dated April
26, 2019 passed by the Hon’ble National Company Law Tribunal, Chennai sanctioning the Scheme of
Arrangement (Demerger) between Tenneco Automotive India Private Limited, as the demerged company, and
the Company, as the resulting company. The Company had challenged the Collector’s order dated February 2,
2024 (issued pursuant to SCN) before the Hon’ble Bombay High Court in Writ Petition. The Hon’ble Bombay
High Court by its order dated December 5, 2025 and April 6, 2026, directed the Collector to pass a reasoned
order after hearing the Company, while leaving all contentions open.
The Collector has passed a final order dated October 27, 2026 (“Order”), under Section 31 of the Maharashtra
Stamp Act, 1958, which was received by the Company on November 3, 2026, reconfirming the stamp duty of
₹128.46 million and enhancing the penalty to ₹243.59 million.
Based on the assessment of the Company and its legal advisers, the Company believes that it has adequate
legal grounds to challenge/contest the Order and is evaluating appropriate legal remedies. The details of the
aforesaid Order, as required under Regulation 30 of the LODR Regulations, are enclosed as Annexure A.
You are requested to kindly take the same on record.
Sincerely,
For Tenneco Clean Air India Limited
Roopali Singh
Company Secretary and Compliance Officer
Membership No: A15006
Place: Gurugram
Enc. As above
Registered Officer: RNS2, Nissan Supplier Park, SIPCOT Industrial Park Oragadam Industrial Corridor, Sriperumbudur,
Taluk, Kancheepuram, Kancheepuram, Tamil Nadu, India, 602105
TENNECO CLEAN AIR INDIA LIMITED
(formerly known as Tenneco Clean Air India Private Limited)
CIN: L29308TN2018FLC126510
Telephone: +2135 612501/506 Email:
Tennecoindiainfo@tenneco.com
Website: www.tennecoindia.com
Annexure A
Sr. Details of Events that need to be Information about such events(s)
No. provided
a. Name of the authority Office of the Collector of Stamps, Enforcement -I, Government of
Maharashtra. (“Collector”)
b. Nature and details of the action(s) A show cause notice dated November 3, 2023 was issued by the
taken or order(s) passed including Collector (“SCN”) to the Company, proposing the levy and recovery
brief details of dispute/litigation. of stamp duty of ₹136.23 million and a penalty of ₹68.12 million in
respect of the instrument comprising the order of the Hon’ble
National Company Law Tribunal, Chennai dated April 26, 2019,
sanctioning the Scheme of Arrangement (Demerger) between
Tenneco Automotive India Private Limited, as the demerged
company, and the Company, as the resulting company. After
considering the objections and submissions of the Company, the
Collector passed an order dated February 2, 2024 confirming the
demand raised under the SCN (“Confirmation Order”). The
Company challenged the SCN and Confirmation Order before the
Hon’ble High Court of Judicature at Bombay by filing Writ Petition.
The Hon’ble Bombay High Court by its order dated December 5,
2025 and April 6, 2026, directed the Collector to pass a reasoned
order after hearing the Company, while leaving all contentions open.
Consequently, the Collector passed an order dated October 27, 2026
(“Order”) under Section 31 of the Maharashtra Stamp Act, 1958
raising a demand of ₹128.46 million (₹136.23 million less ₹7.78
million paid by the Company) for stamp duty and imposing a penalty
of ₹243.59 million. The aggregate amount payable under the Order
is therefore ₹372.04 million
c. Date of receipt of direction or order, Company has received order dated October 27, 2026 on November
including any ad-interim or interim 03, 2026.
orders, or any other communication
from the authority;
d. Details of the The Order, passed under Section 31 of the Maharashtra Stamp Act,
violation(s)/contravention(s) 1958 (“Act”), relates to a shortfall in payment of stamp duty
committed or alleged to be chargeable under Article 25(da) of Schedule I to the Act on the NCLT
committed; order sanctioning the Scheme of Arrangement (Demerger).
e. Impact on financial, operation or Based on the assessment of the Company and its legal advisers, the
other activities of the listed entity, Company believes that it has adequate legal grounds to
quantifiable in monetary terms to challenge/contest the Order and is evaluating appropriate legal
the extent possible, due to remedies.
compensation, penalty etc
f. Quantum of claims, if any As mentioned above.
Registered Officer: RNS2, Nissan Supplier Park, SIPCOT Industrial Park Oragadam Industrial Corridor, Sriperumbudur,
Taluk, Kancheepuram, Kancheepuram, Tamil Nadu, India, 602105