CG Power and Industrial Solutions Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
CGPOWER · price
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Awaiting price reaction for this filing.
CG Power has received a final income tax assessment order for Assessment Year 2021-22, dated 25th July 2025, raising a tax demand of Rs. 4,67,75,96,840 (approximately Rs. 467.76 crore) due to various disallowances and additions. This follows a direction from the Dispute Resolution Panel under Section 144C of the Income Tax Act. The company is preparing to file an appeal against these additions and disallowances, and believes it has a fair chance of succeeding based on existing legal precedents and opinions. The company has not yet been required to pay the demand as it pursues the appeal process.
The tax demand is significant in size relative to typical company operations, but since the company is contesting it and expects a favourable outcome on appeal, the immediate financial impact is limited. The stock may see some short-term volatility; investors should monitor the appeal progress as an adverse final ruling could materially affect earnings.