Bayer CropScience Limited has disclosed the receipt of an order from the Assistant Commissioner of State Tax, Cuttack, Odisha. The order imposes a significant penalty totaling Rs. 29.83 Million. This penalty is specifically related to E-way bill documentation discrepancies identified during the Financial Year 2019-20. The company confirms the matter is appealable and will assess its rights to file an appeal against the order.
Regulatory Disclosure Summary
Bayer CropScience Limited has formally disclosed an official order received from a tax authority. The order originates from the Office of the Assistant Commissioner of State Tax located in Cuttack, Odisha. This submission adheres to the requirements for disclosing material events to the stock exchanges, as confirmed on March 30, 2026.
Details of the Imposed Penalty
The primary nature of the action taken is the imposition of a penalty on the Company. The quantifiable monetary impact of this penalty is established at Rs. 29.83 Million. This financial liability stems from an issue related to E-way bill documentation that pertained to the activities of the Financial Year 2019-20.
Company Response and Appeal Status
The Company has officially acknowledged the receipt of the penalty order. The management has stated that the order is currently appealable. Following this disclosure, the executive team will undertake a thorough assessment to determine the appropriate course of action regarding exercising the right to appeal the decision issued by the tax authority.
Source: BSE
