Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )
HFCL · price
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Awaiting price reaction for this filing.
HFCL Limited has received a compounding letter from the Income Tax Department (Office of CCIT TDS, Delhi) dated June 9, 2025, in response to a suo moto compounding application filed by the company itself. The compounding charges relate to short delays in depositing Tax Deducted at Source (TDS), mainly for the financial year 2020-21, which the company attributes to Covid-19 disruptions. A compounding fee of approximately ₹2.90 crore (₹2,89,76,756) has been levied, payable by July 31, 2025. The company states there is no material impact on its financial, operational, or other activities beyond this fee.
A minor one-time outflow of about ₹2.90 crore for an old Covid-era TDS compliance issue, with no impact on operations or business outlook. Shareholders are unlikely to see any meaningful effect on the stock price.