Tenneco Clean Air India receives Maharashtra GST show-cause notice
As filed · Tenneco Clean Air India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactTenneco Clean Air India received a Maharashtra GST show-cause notice for FY 2022-23 alleging excess input tax credit availment. The notice cites input tax credit of ₹285,488,700/-, interest of ₹224,429,799/- and a penalty of ₹57,117,740/-.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
WithdrawnCombined with the previously announced H1 order book, net of orders currently under production, the incremental lifetime order book reached INR 124,000 Mn as of March 31, 2026.
During the quarter, we secured an order for spark plugs with one of the largest passenger vehicle OEM in India, leveraging our technical expertise and strong existing relationships across other product segments to enter a new whitespace opportunity.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- ~2.1 million /annum units of both Front Strut & Rear Shock Absorber (management committed by FY27)
- During the next two financial years in a phased manner i.e. FY 2026-27 and FY 2027-28. (management committed by FY27)
Evidence
- Tenneco Clean Air India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company(opens the original filing in a new tab)
- Earlier statement · Q4 FY26
- Latest statement · Q1 FY27
- Earlier statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- The notice creates a potential GST dispute involving input tax credit, interest and penalty. The company says the notice is preliminary rather than a final order and that it does not presently expect a material impact.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%