Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regarding CIT(A) Final Order in the Favour of SAHU MINERALS AND PROPERTIES LIMITED (Subsidiary).
URJA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Urja Global Limited has disclosed that its subsidiary, Sahu Minerals and Properties Limited, has received a favourable Final Order from the Commissioner of Income Tax (Appeates) [CIT(A)]. The order was issued in connection with an income tax appeal filed by the subsidiary. This disclosure is being made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The outcome supports the subsidiary's position in the tax matter. No specific monetary value of the dispute or tax demand was mentioned in the filing.
This is a positive development for the subsidiary, as the favourable CIT(A) order likely reduces or eliminates a pending tax liability. For Urja Global shareholders, it removes a potential financial overhang on the subsidiary, though the overall impact may be limited unless the tax amount was material.