Grasim Industries has received a demand for stamp duty payment related to a Business Transfer Agreement (BTA) dating back to May 7, 2002. The demand, issued by the Hon’ble Court of Revenue, Madhya Pradesh, Gwalior, is for ₹64,39,200 (excluding interest) and concerns the valuation of factory structures. The order was received by the Company’s Advocate on December 23, 2025.
Stamp Duty Demand Overview
Grasim Industries has been issued a demand for stamp duty by the Hon’ble Court of Revenue, Madhya Pradesh, Gwalior. The order, dated December 19, 2025, and received on December 23, 2025, relates to a Business Transfer Agreement (BTA) from May 7, 2002. The demand is for the payment of stamp duty concerning the valuation of factory structures.
Details of the Demand
The stamp duty demanded amounts to ₹64,39,200 (excluding interest) on the Business Transfer Agreement (BTA). The issue concerns an alleged short payment of stamp duty on the execution of the BTA for the transfer of a factory and residential colony. The grounds for the demand relate to the undervaluation of factory structures and non-inclusion of the value of trees for stamp duty purposes, according to the Indian Stamp Act, 1899.
Impact Assessment
Grasim Industries has stated that the stamp duty demand is not expected to have a material impact on the financials, operations, or other activities of the company. This assessment is based on the company’s initial evaluation of the order. The company is reviewing its options concerning the demand.
Source: BSE
