Expleo Solutions Limited has informed the Exchange about Action(s) taken or orders passed
EXPLEOSOL · price
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Expleo Solutions has disclosed an order from the Assistant Commissioner of Income Tax, Chennai, related to Assessment Year 2009-10. The Income Tax Tribunal had earlier ruled in the company's favor on 7th May 2019, allowing a Section 10A deduction of Rs. 16.15 crore that was previously disallowed. The tax authority has now implemented the Tribunal's order and determined a refund of Rs. 6.19 crore payable to the company. The order was dated 11th June 2025 and received by the company on 22nd September 2025. The company has stated there is no material impact on its financials, operations, or other activities.
This is a positive development for shareholders as the company is set to receive a tax refund of Rs. 6.19 crore, with no material adverse impact on operations or finances. The closure of a long-pending tax matter from 2009-10 also removes a historical overhang.