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JTEKT India Ltd is primarily engaged in the business of manufacturing steering systems & other auto components for the passenger car and utility vehicle manufacturers in the automobile sector.
JTEKT India has submitted a certificate affirming proper disclosure of proposed Related Party Transactions. This document was reviewed by the Audit Committee, ensuring transparency in future dealings.
JTEKT India received a notice demanding recovery of MEIS duty credit scrips totaling Rs. 622.39 due to incorrect foreign exchange rates. The company confirmed no financial or operational impact from this development.
JTEKT India received tax demand notices for ₹0.27 Cr for FY15-18 for non-payment of Haryana Entry Tax. The company reports no material financial impact and is preparing a reply.
JTEKT India received an Income Tax Assessment Order with additions/disallowances of ₹31.4 Cr and a demand of ₹13.7 Cr. The company plans to appeal. Management states no impact on financials or operations is expected.
JTEKT India received an Income Tax Assessment Order concerning a merged subsidiary. The tax authority clarified the subsidiary's income was subsumed, confirming no financial or operational impact for the company.