Gurugram, February 5, 2025 – Whirlpool of India Limited (BSE: 600238, NSE: WHIRLPOOL) has disclosed an order under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received a demand notice from the Excise and Taxation Officer cum Designated Officer, Ward 2, U.T. Chandigarh, related to financial year 2017-18.
Key Details of the Order
- Issuing Authority: Excise and Taxation Officer cum Designated Officer, Ward 2, U.T. Chandigarh.
- Nature of Order: A tax demand under the Punjab Value Added Tax (PVAT) Act, 2005, for financial year 2017-18 due to non-submission of C Forms.
- Total Demand: ₹21,63,163 in principal tax along with ₹9,73,423 in interest.
- Date of Order: November 20, 2024.
- Date of Receipt by Whirlpool: February 3, 2025.
Impact on the Company
Whirlpool of India has stated that the order does not have a material impact on its financials, operations, or other activities. The company is in the process of filing a rectification application and is evaluating an appeal against the order before the appropriate authority.Explanation for Disclosure Delay
The company cited engagement with a board meeting and the review of the order as reasons for the delay in disclosure.This regulatory update is being submitted in compliance with SEBI requirements for transparency in corporate disclosures.