Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · CG Power and Industrial Solutions Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactCG Power and Industrial Solutions Limited has received a stay order on a tax demand of approximately Rs. 365.37 crore from the Income Tax Department for the Assessment Year 2018-19. The stay is granted on the condition that the company pays 20% of the tax demand in five instalments of Rs. 9 crore each, with the remaining amount payable in a sixth instalment after adjustments for any refunds.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 3.2% of FY26 revenue
₹365.37 Cr stated in the filing against ₹11,330.62 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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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; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%