Quess Corp Limited has informed the Exchange about the refund of Rs. 155.11 Cr under the Income Tax Act, 1961
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Quess Corp Limited has received an Assessment Order under Section 143(1) of the Income Tax Act, 1961, resulting in a refund of Rs. 155.11 Crore for Financial Year 2024-25. The refund comprises a tax refund of Rs. 145.65 Crore and interest amount of Rs. 9.46 Crore. The assessment order was issued by the Centralized Processing Centre, Income Tax Department, Bengaluru, and the refund was received on April 27, 2026. The company has clarified that there is no impact on its financial, operational, or other activities.
The tax refund improves the company's cash position by Rs. 155.11 Crore, though the company states this has no operational impact. This is a routine tax matter resolution and is broadly neutral for shareholders.