SYMPHONY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Symphony Limited informed exchanges that the Deputy Commissioner of Commercial Taxes (Audit), Hubli has issued an Audit Report dated May 20, 2025 for Assessment Year 2021-22. The report, under Section 65(6) of the Karnataka GST Act, imposes an additional tax liability of Rs. 70,066 along with interest of Rs. 39,940, taking the total to Rs. 1,10,006. No penalty has been levied. The company has stated that there is no material impact on its financial, operational, or other activities and will pay the amount within the prescribed time limit.
The financial impact is negligible (about Rs. 1.1 lakh) and the company has confirmed it is not material. Shareholders are unlikely to see any meaningful effect on the stock price or business operations.