TTK Healthcare Limited — Others, 25-02-2025: Action(s) taken or orders passed

TTK Healthcare has announced a board meeting to discuss the recent order from the Income Tax Department, which has withdrawn an interest amounting to Rs. 2.37 crore under Section 244A for the Assessment Year 2015-16 and imposed an additional interest of Rs. 0.25 crore under Section 234D. The total impact stands at Rs. 2.62 crore. The company intends to appeal this decision, confident in securing relief. This situation may create a potential risk regarding cash flow but also opens up opportunities if the appeal is successful, influencing investor sentiment.