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Bayer CropScience Limited. — Regulatory Filings 2024
Aug 21, 2024
61408_rns_2024-08-21_de6e935e-2842-4492-b2de-443638a57122.pdf
Regulatory Filings
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August 21, 2024
The General Manager, Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.
COMPANY CODE : 506285 SCRIP CODE : BAYERCROP
Dear Sir/Madam,
Sub.: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received order from the Deputy Commissioner, CGST, Jammu & Kashmir imposing penalty on the Company.
Bayer CropScience Ltd. CIN: L24210MH1958PLC011173
Registered and Corporate Office: Bayer House Central Avenue Hiranandani Estate Thane (West) – 400 607 Maharashtra, India
Tel : +91 22 2531 1234 Fax : +91 22 2545 5063 www.bayer.in www.cropscience.bayer.com
The above-mentioned order is related to Input Tax Credit Availed.
The details as required under SEBI Listing Regulations read with Circular no. SEBI/HO/CFD/CFD-PoD-1/P-CIR//2023/123 dated July 13, 2023 is enclosed as Annexure I .
You are requested to take the same on your record.
Thanking You
for Bayer CropScience Limited
BHARATI Digitally signed by BHARATI RATAN RATAN SHETTY Date: 2024.08.21 SHETTY 16:40:22 +05'30'
Bharati Shetty
Company Secretary & Compliance Officer (Membership No. ACS 24199)
Encl.: As above
RESTRICTED
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Annexure I
A. Order from Deputy Commissioner, CGST, Jammu & Kashmir
| Name(s) of the Authority | DeputyCommissioner,CGST, Jammu & Kashmir. |
|---|---|
| Nature and details of the action(s) taken, initiated or order(s) passed |
The Company has received an order imposing penalty of Rs. 1 Mio. |
| Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority |
August 20, 2024. |
| Details of the violation(s) / contravention(s) committed or alleged to be committed |
The order is related to Input Tax Credit availed. |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible |
The Company has received an order imposing penalty of Rs. 1 Mio. These Order is currently appealable, and we will make an assessment to exercise our right to appeal. |
RESTRICTED