Litigation update
As filed · Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
What happened
FactDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Towers, Dalal Street. Notice of Demand reflected an income-tax demand of Rs. 2,209.17 Crores (including interest), which.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 10.7% of FY17 revenue
₹2,209.17 Cr stated in the filing against ₹20,642.8 Cr revenue (FY17, consolidated)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedManufacturing has now been in expansion mode for 37 straight months.
Industrial production hit a 5-month high, led by capital goods.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- our sense is INR 800 crores to INR 1,000 crores should be a reasonable probability to ascribe for fiscal '27. (management committed by FY27)
- we do believe, let's say, anywhere between INR 800 crores to INR 1,000 crores for the full year should be a nu (management committed by FY27)
Evidence
- Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
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%