The company has on August 25, 2025 received an order giving effect to Hon''ble ITAT Order for the Assessment Year 2006-07.
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Awaiting price reaction for this filing.
FGP Ltd has received an order dated August 25, 2025, giving effect to an Hon'ble ITAT (Income Tax Appellate Tribunal) ruling for Assessment Year 2006-07. As a result of this order, the company is entitled to an income tax refund of Rs. 52,56,617 (approximately Rs. 52.57 lakhs), inclusive of interest. The matter dates back nearly two decades to AY 2006-07 and has now been resolved in the company's favour. The disclosure was made under SEBI Listing Regulations (Regulation 30) to BSE.
A modest one-time positive cash inflow of ~Rs. 52.57 lakhs from the tax refund. The amount is small relative to typical company operations, so the stock price impact is likely negligible, though it removes a long-pending tax uncertainty.