Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
HINDUNILVR · price
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Hindustan Unilever has received an Income Tax Assessment Order from the Assistant Commissioner of Income-Tax, Mumbai, along with a notice of demand of INR 1,559.69 crores for Assessment Year 2022-23 (FY 2021-22). The order covers transfer pricing disallowances on payments to related parties and certain corporate tax adjustments including depreciation, which the company says are similar to issues raised in the previous financial year. The company has stated there is no material financial, operational, or other impact from this order. HUL plans to file an appeal with the appropriate appellate authority within the permitted timeline.
While the demand size is large on paper, the company maintains there is no material financial impact and will contest the order through appeal. Short-term stock reaction may be negative due to the headline number, but this is a routine tax dispute and similar challenges have been raised before without significant damage.