Honda India Power Products Limited — Important, 03-02-2025: General Updates

The company has received a settlement order from the Deputy Commissioner (Arrear Recovery) in Ernakulam regarding a VAT assessment for the 2008-09 period. Initially, a demand of ₹3.23 lakh was raised, which included basic duty and interest. The company filed an appeal against this demand and subsequently applied under the Kerala VAT amnesty scheme 2024. The application was accepted, and the case has been closed with a settlement certificate issued, resolving the issue favorably. There is no material financial impact expected from this matter, and operations remain unaffected. This development suggests a positive resolution for the company regarding historical tax liabilities.