Nucleus Software Exports Limited — Important, 21-02-2025: General Updates

The company has received a tax demand order from the Deputy Commissioner of State Tax, Uttar Pradesh, amounting to ₹16,30,486.40 for FY 2020-21. This includes a tax liability of ₹8,67,280, interest of ₹6,76,478.40, and a penalty of ₹86,728. The management believes the demand is not maintainable and is in the process of filing an appeal. Importantly, this order is expected to have no material impact on the company's financials or operational performance. Investors should monitor this situation, though the management's stance suggests a positive outlook regarding the outcome of the appeal.