Rallis India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RALLIS · price
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Rallis India has received a favorable order dated September 27, 2025 from the Commissioner of Income Tax (Appeals) for Assessment Year 2017-18. The order deletes an income tax demand of ₹9.17 crore that had been raised against the company. As a result, the company's contingent liability reduces by the same ₹9.17 crore amount. The company states there is no impact on its operations or other activities. The disclosure was made on September 29, 2025, as September 27-28 fell on a weekend.
This is a positive development for shareholders as a ₹9.17 crore tax demand has been fully dropped, reducing the company's contingent liability and removing an overhang on its financials.