JTEKT India has successfully secured an order that has led to the dropping of a ₹24.7 lakh GST demand on November 1, 2025. The order was issued by the Office of the Joint Commissioner (ST) in Chennai, which accepted the company's reply to the demand originally raised under the CGST Act of 2017. The demand, amounting to ₹24,70,944, was formally addressed in a communication received by JTEKT India at 8:30 PM on the same day. This resolution marks a significant relief for the company, as it eliminates potential financial burdens stemming from the GST compliance issues.

In a detailed communication to the stock exchanges, JTEKT India disclosed the essential details regarding the order, as per the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company confirmed that the demand for GST, previously generated under sections 73 and 74 of the CGST Act, has been dropped following their response to the Joint Commissioner's office. This outcome is particularly noteworthy as it underscores the company's commitment to addressing regulatory challenges promptly and effectively.

The resolution of this GST demand has no negative financial impact on JTEKT India, allowing the company to continue its operations without the threat of penalties or additional liabilities. This development not only enhances JTEKT's compliance standing but also reinforces investor confidence in the company's governance and operational integrity. As JTEKT India continues to navigate the complexities of the Indian tax landscape, this favorable outcome is a testament to its proactive engagement with regulatory authorities.