Quess Corp Limited has informed the Exchange about Refund from Income Tax
QUESS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quess Corp Limited has received two orders from the Joint Commissioner of Income Tax (OSD), Central Circle-2(1), Bengaluru, granting tax refunds under Section 154 of the Income Tax Act, 1961. The first refund of Rs. 39.58 crore is for Financial Year 2021-22, and the second refund of Rs. 24.23 crore is for Financial Year 2022-23, totaling Rs. 63.81 crore. Both orders were passed on March 11, 2026, and received by the company on April 8, 2026. The company has stated that there is no impact on its financial, operational, or other activities.
Positive cash inflow of Rs. 63.81 crore for the company. While the company claims no impact, this represents a recovery of taxes paid in prior years, which could improve liquidity.