Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
Awaiting price reaction for this filing.
HFCL Limited disclosed that it received a compounding letter dated June 9, 2025 from the Income Tax Department (Office of the Chief Commissioner of Income Tax (TDS), Delhi). The letter was in response to a suo moto compounding application filed by the company for short delays in depositing Tax Deducted at Source (TDS), mainly during FY 2020-21 due to the Covid-19 pandemic. A compounding fee of ₹2,89,76,756 (approximately ₹2.90 crore) has been levied and is to be paid by July 31, 2025. The company stated there is no material impact on its financial, operational, or other activities beyond the compounding charges themselves.
Minimal financial impact of ~₹2.90 crore, which is small relative to typical company operations and unlikely to materially affect the stock price. This is a routine tax compliance disclosure proactively made by the company.