3i Infotech Limited has informed the Exchange about General Updates
3IINFOLTD · price
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Awaiting price reaction for this filing.
3i Infotech's US subsidiary has been granted an additional USD 2,260,973.87 under the US Employee Retention Tax Credit (ERTC) scheme by the Internal Revenue Service. This follows an earlier entitlement of USD 2,144,816.87 announced on July 15, 2025. The total ERTC entitlement now stands at USD 4,405,790.74 (approximately ₹37 crore). The credit is a refund of payroll taxes provided by the US government to businesses that retained employees during the COVID-19 pandemic period. The filing was made under SEBI Regulation 30 as a general corporate update.
Positive for the company — the additional tax credit strengthens the cash position of the US subsidiary, though the amount is modest relative to overall operations. No direct impact on share price expected, but it reflects recovery of previously paid taxes.