HCL Infosystems Limited — Others, 05-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

HCL Infosystems has received a demand order from CGST, Noida for a total of INR 80.22 cr related to CENVAT credit for FY 2017-18. Despite this, the company had previously reversed the disputed amount under protest, following a clarifying directive from the CBEC. The company has contested both the demand and the clarification in the Allahabad High Court. This development may create legal complexities, but the firm is examining options for rectification, maintaining a cautious approach. Investors should watch for potential legal outcomes, which could influence financial positioning.