Thyrocare Technologies Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company.
THYROCARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Thyrocare Technologies has received a Personal Hearing Notice (dated June 28, 2025) from the Assistant Commissioner (ST), Vidyanagar Circle, Commercial Taxes Department, Telangana, under the Telangana Tax on Professions, Trades, Callings and Employments Act, 1987. The notice relates to alleged non-payment of Profession Tax for the company's branches and employees spanning FY 2017-18 to FY 2024-25. The total alleged demand is approximately ₹13.32 crore (₹21.30 lakh plus ₹13.10 crore). A personal hearing is scheduled for July 4, 2025. The company has stated there is no material impact on its financials and plans to file a detailed reply, contending that the demand mainly pertains to operations carried out by independent franchise partners rather than the company itself.
The matter is at the notice/hearing stage with no penalty imposed yet, so immediate financial impact is limited. However, if the company's submissions are rejected, up to ₹13.32 crore could become payable. This is a small fraction of Thyrocare's overall size but could weigh on sentiment given the multi-year scope and tax-related nature.