JK Tyre & Industries Ordered to Pay Stamp Duty Pertaining to Amalgamation Scheme
JK Tyre & Industries Ltd has received an order from the Office of the Collector Stamps, Rajasthan Special Circle, Jaipur concerning the stamp duty associated with the scheme of amalgamation of Cavendish Industries Ltd into JK Tyre & Industries Ltd.The Order, which was issued by the Collector Stamps, Rajasthan Special Circle, Jaipur, mandates the payment of stamp duty along with applicable surcharges and penalty and Interest amounting to Rs 2 Crore each. The company has received this communication from the authority on June 10, 2026.
| Detail | Information |
|---|---|
| Entity | JK Tyre & Industries Ltd |
| Authority | Collector Stamps, Rajasthan Special Circle, Jaipur |
| Subject of Order | Stamp duty for the Scheme of Amalgamation of Cavendish Industries Ltd with JK Tyre & Industries Ltd |
| Financial Liability | Deposit of stamp duty along with applicable surcharges and penalty and Interest of Rs 2 Crore each |
According to company reports, payment of the required stamp duty and surcharge is being made as mandated by the Order. Despite this action, JK Tyre & Industries Ltd maintains a strong case to appeal before higher authorities seeking a waiver of the penalty and interest of Rs 2 Crore each. The company asserts that it approached for adjudication of the Stamp Duty in a timely manner.
As a result of the payment being made as provided for by the Order, there is currently no expected financial implication on JK Tyre & Industries Ltd arising out of the said matter. The company intends to file an appeal before the appropriate appellate authority regarding this communication.
JKTYRE Stock Price Movement
Shares of JK Tyre & Industries Limited slipped by 3.22% in trading today, ultimately settling at ₹352.45. The stock traded within the range of ₹351 to ₹361.55 and recorded a total volume of 1.09 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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