SML Mahindra Limited receives ₹11.47 lakh penalty order from Excise & Taxation Officer
SML Mahindra Limited received a penalty order of ₹11.47 lacs from the Excise and Taxation Officer, Faridabad, Haryana. The penalty is related to an alleged violation concerning the E-Way Bill. The company plans to appeal the order.
The penalty amount of ₹11.47 lacs is relatively small compared to the company's overall operations, and the company intends to appeal the order.
The company has received a penalty order, which is a negative development.
SML Mahindra Limited (formerly SML Isuzu Limited) has received an order from the Office of the Excise and Taxation Officer, Faridabad, Haryana. The Assistant Excise and Taxation Officer-cum-Proper Officer passed an order on February 25, 2026, under Section 129(3) of the HGST/CGST Act, 2017.
This order confirms a penalty demand of ₹11.47 lacs (eleven lakh forty-seven thousand rupees) of IGST under Section 129(1)(a) of the said Act read with the IGST Act, 2017. The alleged violation pertains to the non-update of Part B of the E-Way Bill.
The company has stated that it will file an appeal against this order before the next Adjudicating Authority. The order was received by the company via email on February 25, 2026, at 12:16 PM. The announcement was made on February 26, 2026.
What to do with a filing like this
SML Mahindra Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by SML Mahindra Limited. Read the original for the full detail.