Inspirisys Solutions Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
INSPIRISYS · price
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Inspirisys Solutions informed the exchange that the Kerala Value Added Tax Appellate Tribunal has dropped two tax demands totaling around Rs. 1.28 crore against the company. The demands of Rs. 51.61 lakhs (for FY 2013-14) and Rs. 75.93 lakhs (for FY 2014-15) were originally raised by the Kerala State GST Department. These had been appealed by the Joint Commissioner (Intelligence), Ernakulam, against earlier orders from the Deputy Commissioner (Appeals). The tribunal heard the matter on January 29, 2026, and the favorable order dated February 18, 2026 was received by the company on March 10, 2026. This is an update to a prior intimation from August 14, 2023, and resolves a long-pending dispute in the company's favor.
Positive for shareholders - the company has won a long-pending tax dispute, removing a potential financial liability of about Rs. 1.28 crore with no penalty or settlement cost. This strengthens the company's financial position, though the absolute amount is small relative to typical business operations.