Legal1 April 2026 at 03:51 pm
Shriram Finance's Penalties Reduced by Commercial Tax Officer, Chennai South
AI Summary
Shriram Finance Ltd. has received a Rectification Order from the Commercial Tax Officer, Chennai South, reducing the penalties imposed on the company for the financial years 2018-19 and 2019-20. The original penalties were Rs.13,03,53,551/- for FY 2018-19 and Rs.24,06,19,502/- for FY 2019-20. These have been reduced to Rs. 70,42,822/- and Rs. 1,02,20,890/- respectively. The company has forwarded the copies of the Rectification Orders to the concerned officer and has made the necessary intimation under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Shriram Finance Ltd. receives Rectification Order from Commercial Tax Officer, Chennai South
- Penalties for FY 2018-19 and 2019-20 reduced
- Original penalties were Rs.13,03,53,551/- for FY 2018-19 and Rs.24,06,19,502/- for FY 2019-20
- Reduced penalties are Rs. 70,42,822/- for FY 2018-19 and Rs. 1,02,20,890/- for FY 2019-20
- Company has forwarded the Rectification Orders to the concerned officer and made necessary intimation