BAJAJELECBajaj Electricals Ltd.
Bajaj Electricals faces ₹112 crore income tax demand for AY 2019-20
- Legal
- Consumer Durables
Reviewed byRachit TripathiBlacklitt Research
Bajaj Electricals (NSE: BAJAJELEC) received an income tax assessment order imposing a tax demand of ₹112.32 crore including interest for Assessment Year 2019-20, it said in a filing on 31 Oct 2026. The demand arises from disallowance of expenses. The company is evaluating legal remedies.
Key highlights
- Tax demand including interest: ₹112.32 crore
- Assessment Year: 2019-20
- Order dated 29 Oct 2026, received 30 Oct 2026 at 4:41 p.m.
- Credit for taxes paid and section 244A interest not granted
The tax demand in numbers
| Item | Detail |
|---|---|
| Issuing authority | National Faceless Assessment Center, Assessment Unit, Income Tax Department |
| Provision | Section 147, Income-tax Act, 1961 |
| Assessment year | 2019-20 |
| Order date | 29 Oct 2026 |
| Received on | 30 Oct 2026 at 4:41 p.m. |
| Demand including interest | ₹112.32 crore |
| Company's view of impact | Limited to the demand raised and/or penalty levied, per the company |
What the order demands and what it leaves out
The Assessing Officer imposed a tax demand of ₹112.32 crore including interest under Section 147 of the Income-tax Act, 1961, for Assessment Year 2019-20. The demand rests on disallowance of expenses.
The Assessing Officer did not grant credit for taxes the company has already paid, nor interest under section 244A of the Income-tax Act, 1961, while passing the order. The company has not said how much of the ₹112.32 crore is tax before interest.
The company's response and stated impact
The management is evaluating legal remedies, including a rectification application or an appeal before the appropriate authority. The company says the financial impact, if the demand materialises, would be limited to the demand raised and/or any penalty levied under the order.
The company also says the order has no impact on its operational, financial or other activities. The filing does not say whether an appeal or rectification application will be filed, or when.
Context from recent filings
The order comes after a week of management changes. On 28 Oct 2026 the company reported the cessation of Shekhar Bajaj as Executive Chairman and the appointment of Sanjay Sachdeva as Managing Director and CEO, as well as a director, KMP or SMP resignation. The Q2 FY27 results showed consolidated net profit of ₹26.10 crore on total income of ₹1,136.64 crore.
The ₹112.32 crore demand is about 3.6% of the company's market value of ₹3,085 crore at the 30 Oct 2026 close.
What the tax demand means for Bajaj Electricals' shareholders
The company says the demand, if it materialises, is limited to the amount raised and any penalty, and that its operations are unaffected. The filing does not say whether the company has provided for the demand in its accounts, how much of it is interest, or how much tax already paid may be credited.
The next steps are the company's decision on a rectification application or appeal, with no date given in the filing.
Filed with NSE on . Reference: Original filing (PDF)
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