Quess Corp Limited has informed the Exchange about the refund of Rs. 42.24 Cr under the Income Tax Act, 1961
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Quess Corp has received an income tax refund order from the Office of the Deputy Commissioner of Income Tax, Central Circle 2(1), Bangalore, dated April 27, 2026. The total refund amount is Rs. 42.24 Crore, which includes an interest component of Rs. 8.85 Crore, relating to Financial Year 2023-24. The order was issued under Section 154 read with Section 143(1) of the Income-tax Act, 1961. The company has stated that there is no adverse impact on its financial, operational, or other activities. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.
This is a positive cash flow event for Quess Corp, adding Rs. 42.24 Crore (including interest) to its books. Shareholders may view this favourably as it strengthens liquidity, though it is a routine tax adjustment rather than an operational gain.