S Chand And Company Limited has informed the Exchange about Receipt of Income Tax Refund amounting to INR 3.24 crores
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S Chand and Company Limited has informed the stock exchanges that it has received an income tax refund order dated August 29, 2025, from the Joint Commissioner of Income Tax (OSD), Government of India. The refund of INR 3.24 crores (including interest) pertains to assessment years 2019-20 and 2023-24 and arises from a revised return filed after an NCLT-approved Scheme of Arrangement (order dated July 24, 2023). The order was passed under Section 170A read with Section 143(1) of the Income-tax Act, 1961. The company has stated that there is no material impact on its financial, operational, or other activities as a result of this refund.
The refund is a modest, one-time cash inflow and is not expected to materially affect the company's financial position or operations. Shareholders should view this as a routine tax-related positive cash event rather than a fundamental business update.