Litigation update
As filed · In accordance with Clause 8 of Para B of Part A of Schedule III of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, we would like t
RegulatoryImprovingMinormateriality 56 out of 100
What happened
FactSaurashtra Cement Limited has received an Appeal Order from the Income Tax Department regarding the Assessment Year 2017-18. The details of this order are provided in an annexure accompanying the filing. This information will also be available on the company's website.
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; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%