Xelpmoc Design And Tech Limited — Others, 11-02-2025: Action(s) initiated or orders passed

Xelpmoc Design and Tech Limited has received a Show Cause Cum Demand Notice from the Additional Commissioner of Commercial Taxes in Bangalore. The notice claims the company owes ₹22.68 lakh in Input Tax Credit (ITC) reversals related to IPO expenses for the financial year 2018-19, with further liabilities totaling ₹49.90 lakh for the period up to 2024-25, including penalties and interest. The management is reviewing the notice and plans to respond appropriately. This situation is unlikely to have a material impact on the company’s financials or operations, suggesting a neutral impact on investor sentiment.