the Company hereby filed the revised intimation for the intimation filed dated 28th April 2025, as per the additional requirement of stock exchange.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Triton Valves received a ₹9.32 crore income-tax demand notice on March 10, 2025, along with an assessment order for Assessment Year 2022-23, alleging under-reporting of taxable income, plus a show cause notice for penalty proceedings. The company contested the demand, calling it factually incorrect and legally not tenable, and filed a writ petition (WP No. 10219 of 2025) before the Karnataka High Court. On April 9, 2025, the High Court allowed the petition and set aside the assessment order, directing reconsideration with one additional opportunity to be heard. The company received the court order on April 27, 2025 (a Sunday) and filed the disclosure with BSE the next working day. This filing is a revised intimation to provide additional details requested by BSE's Listing Compliance Monitoring Team.
Positive for shareholders — the ₹9.32 crore tax demand has been effectively nullified by the High Court, removing a significant contingent liability, and the company confirms no material financial or operational impact.