MphasiS Limited — Others, 08-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mphasis Limited has received a notice of demand under the Income Tax Act, 1961, regarding ₹1,164.77 crore for the assessment year 2022-23. The management believes the claims are not valid and anticipates no material financial impact, citing favorable precedents from previous assessment years and specific faults in the order. The company plans to file a rectification petition and explore legal remedies. This development may create a positive outlook for investors, as Mphasis appears confident in its position and potential for a favorable outcome at the appellate stage.