Bajaj Electricals Limited confirmed the receipt of a tax refund amounting to ₹19.08 crore from the Income Tax Department. This refund relates to the Assessment Year AY 2023-24 and was credited to the company on February 18, 2026. The company emphasized that this financial event is isolated to the refund itself and has no impact on the company’s ongoing operational, financial, or other core business activities.
Confirmation of Tax Authority Refund
Bajaj Electricals Limited has officially informed the stock exchanges regarding a significant financial transaction involving the Income Tax Department. The company announced the receipt of an intimation order pertaining to the Assessment Year AY 2023-24.
The core of the disclosure is the successful refund of Rs. 19.08 crore. The funds were formally received by the Company on February 18, 2026, with the formal intimation of the order being received on the same day at 17:08 hrs.
Impact Assessment
Management has provided a clear statement regarding the broader implications of this event. The financial impact of the Order is strictly limited solely to the aforesaid refund received by the Company. Crucially, the company stated there is no other impact on the operational, financial, or other business activities of Bajaj Electricals as a result of this specific Order.
The disclosure was made by the Chief Compliance Officer & Company Secretary, Mr. Prashant Dalvi, ensuring compliance with mandatory disclosure requirements.
Source: BSE
