Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company - Update
As filed · Eureka Forbes Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company - Update
What happened
FactEUREKAFORB has received an order from the Joint Commissioner, CGST & Central Excise Bhopal, demanding a tax liability along with a penalty due to alleged excess availment of Input Tax Credit and short payment of outward tax for the financial years 2018-19 to 2022-23. The company has filed a writ petition challenging this order in the High Court of Madhya Pradesh, which has ordered that no coercive action be taken against the company, provided it deposits 10% of the tax…
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.
Demand
DelayedWater Purifiers witnessed revenue acceleration with a high-teens growth in Q1 FY27 coming through a combination of double-digit volume growth and pricing.
We started FY27 on a solid note with revenue growth of 15.3% in Q1.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- As we enter the next phase of our journey, with an aim to double our business by FY30, we have laid a strong f (management committed by FY30)
Evidence
- Eureka Forbes Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company - Update(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · FY26
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%