Tilaknagar Industries Limited — Others, 01-02-2025: Action(s) taken or orders passed

The company has disclosed that the Deputy Commissioner of Income Tax (DCIT) has assessed and reassessed its income for assessment years 2016-17 to 2023-24 following a search conducted in February 2024. Several additions and disallowances were made, with a year-wise summary indicating a refund of Rs 1.38 crore for 2021-22 and a minimal demand of Rs 2,725 for 2023-24. The company reports no material impact on its financial position or operations but plans to appeal the assessment orders, anticipating a positive outcome. This update may signal stability for investors, though it carries a minor risk related to the ongoing tax scrutiny.