HMT Limited — Others, 20-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

HMT (International) Limited, a wholly-owned subsidiary of HMT Limited, has received a demand notice from the Income Tax Department totaling Rs. 96,09,220 for the assessment years 2012 and 2010. The outstanding amounts are Rs. 13,05,226 and Rs. 83,03,994, respectively. The company is currently consulting tax experts to strategize the necessary response.

This situation may raise concerns among investors regarding potential financial liabilities and implications for future earnings. While it poses a risk, effective management of the issue could also present a chance for stronger financial governance.