Zensar Technologies Limited has informed the Exchange about General Updates
ZENSARTECH · price
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Awaiting price reaction for this filing.
Zensar Technologies has informed the exchanges that it received an order from the Joint Commissioner of Central Tax, Bengaluru, levying a total penalty of Rs. 1.76 crores under Service tax. The penalty pertains to inconsistencies in Service tax returns for the years 2015-16 to 2017-18. The order was originally passed against erstwhile Cynosure Interface Services Private Limited, which merged with Zensar effective April 1, 2021. The company received this communication on June 11, 2025. Zensar has stated that based on its assessment, there is no material impact on its financials, operations, or other activities.
The penalty of Rs. 1.76 crores is small relative to Zensar's scale, and the company has explicitly stated it has no material financial or operational impact. Shareholders are unlikely to see meaningful stock price reaction, though the company may consider appealing the order.