Expleo Solutions Limited has informed the Exchange about Action(s) taken or orders passed
EXPLEOSOL · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.6 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Expleo Solutions received an order dated March 20, 2026 from the Principal Commissioner of Income Tax, Chennai, settling a long-pending tax dispute for Assessment Year 2012-13. The original dispute involved professional expenses being disallowed due to non-deduction of TDS, with a disputed tax amount of about ₹49.6 lakhs. Under the government's Vivad Se Vishwas Scheme, 2024, the company obtained full immunity from this disputed tax by paying nothing extra, as the settlement amount was NIL. The company clarified there is no material impact on its financials, operations, or other activities.
This is a positive development — a 13-year-old tax uncertainty has been fully resolved at zero additional cost, removing any overhang from the AY 2012-13 dispute. Shareholders can view this as closure of a legacy compliance matter with no financial strain on the company.