BAJAJ ELECTRICALS – CGST APPELLATE ORDER UPDATE

• Order-in-Appeal Received: Appellate Authority rejected Bajaj Electricals’ appeal and upheld the earlier CGST order passed by CGST, Jaipur. • Demand Amount: Total demand of ₹61.18 lakh, including penalty of ₹9.87 lakh, confirmed vide order dated 18 December 2025. • Management Response: Company is evaluating further legal remedies, including filing an appeal before the appropriate Tribunal. • Financial Impact: Management states there is no impact on financial operations at this stage.