UMANGDAIRYUMANGDAIRYNSE
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Umang Dairies Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactUmang Dairies Limited has received an ex-parte order from the Assistant Commissioner of Sales Tax, raising a tax demand of Rs. 6,35,74,760 for the period from April 2016 to March 2017. The company plans to take suitable action against this order within the required timeline. There is no material impact on the financial, operational, or other activities of the company.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%