Linc Limited — Others, 26-02-2025: Action(s) taken or orders passed

Linc Limited has announced a board meeting to address a demand order from the Assistant Commissioner of State Tax in Patna, totaling ₹3,75,374 in tax, ₹32,892 in interest, and ₹56,547 in penalty due to alleged excess availment of Input Tax Credit (ITC). The company anticipates no material financial impact, as it plans to challenge the order at the appropriate forum, expecting a favorable resolution. Investors may see this as a neutral impact, given the company's confidence in mitigating potential risks related to this demand order.