Tega Chile unit loses tax appeal; exposure about INR 8.73 crores
TEGA · price
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Tega Chile, a step-down subsidiary of Tega Industries, lost an appeal before Chile's First Tax and Customs Tribunal over disallowed tax loss carry forward for Tax Year 2020. Disputed loss is about CLP 3.17 billion (around INR 32.32 crores) with estimated tax exposure of about CLP 856 million (around INR 8.73 crores). No violation alleged. Company expects no material financial impact. Tega Chile is evaluating further appeal options.
Tax exposure of about INR 8.73 crores at Chilean step-down subsidiary. Company says no material impact on overall financials. Further appeal being evaluated.