Bajaj Electricals Loses Two GST Appeals as Jaipur Authority Upholds ₹9.36 Crore Demand

Bajaj Electricals Ltd. lost two GST appeals on October 28, 2026, with the appellate authority upholding total demands of ₹9.36 crore for fiscal year 2018-19. ScanX reported that the orders reject the company's challenges to assessments issued in April 2024.

Jaipur Authority Upholds Two GST Orders

The Office of the Commissioner (Appeals), Customs, Central Excise, Service Tax & CGST, Jaipur, issued two separate orders on October 28, 2026. The first maintained a gross demand of ₹2.83 crore, including a penalty component of ₹25.68 lakh. The second upheld a demand of ₹6.53 crore, including a penalty of ₹59.37 lakh. Penalty figures are included within the gross demand amounts.

The assessments stemmed from a GST input mismatch during FY19 and were originally issued under Section 73 of the Goods and Services Act 2017. Bajaj Electricals disclosed the April 2024 orders to exchanges on May 1, 2024.

Bajaj Electricals said management is evaluating appropriate legal remedies, including filing an appeal before the appropriate appellate tribunal or initiating writ proceedings before the High Court. The company said any financial impact would be limited to the demand and penalty under these orders, and that there is no impact on its operational, financial or other activities.

Bajaj Electricals is a publicly listed Indian manufacturer and retailer of fans, lighting, kitchen and home appliances under the Bajaj, Nex and Morphy Richards brands, according to company records.

Bajaj Electricals' Revenue and Brand Moves

According to akta.pro company records, Bajaj Electricals reported annual sales of ₹4,448 crore for FY26, down 7.63% from the previous year, and Q4 FY26 revenue of ₹1,240 crore, down 2.1% year-on-year. The same records describe the company as a ₹5,000 crore player in the fast-moving electrical goods sector.

In March 2026, Glen Dimplex Group, the Ireland-based parent of Morphy Richards, sold the intellectual property and brand rights of Morphy Richards to Bajaj Electricals. In June 2026, the company announced its entry into the cables category under its Lighting Solutions segment, citing growing demand in the cables industry.

Earlier GST Rulings and Leadership Changes

On October 13, 2026, Bajaj Electricals received an adverse appellate order from West Bengal GST authorities imposing a demand of ₹627.36 lakh for FY2020, with a general penalty of ₹31.89 lakh, ScanX reported. On October 1, 2026, the Commissioner (Appeals) in Ranchi annulled a ₹32.50 lakh GST penalty for FY18 and reduced the interest liability from ₹8.46 lakh to ₹1.28 lakh, which the company had already discharged.

On October 28, 2026, Bajaj Electricals appointed Sudarshan Sampathkumar as Non-Executive Chairman effective January 1, 2027, with Shekhar Bajaj transitioning to Non-Executive Director and Chairman Emeritus, ScanX reported.

Sudarshan Sampathkumar's January Start

Sudarshan Sampathkumar's appointment as Non-Executive Chairman takes effect on January 1, 2027. Bajaj Electricals scheduled its Q2FY27 earnings call for October 28, 2026, at 4:30 pm IST, after revising the access link due to technical issues.