HEG Limited — Others, 04-02-2025: Action(s) taken or orders passed

HEG has informed investors that the Deputy Commissioner of State Tax has dropped the show cause notice regarding the recovery of IGST refunds totaling ₹282.34 crore for the tax period from July 2017 to March 2018. This decision potentially alleviates a significant financial burden and reflects positively on the company's governance. The resolution is expected to enhance investor sentiment by reducing uncertainties surrounding past tax claims, thereby supporting a more favorable outlook for the company's financial health.