FDC Limited — Others, 31-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

FDC Limited has received a demand notice from the Deputy Commissioner of State Tax in Mumbai, imposing a tax of INR 669.09 cr, along with interest of INR 520.77 cr and a penalty of INR 66.91 cr for FY 2020-21 due to tax classification issues. The company plans to appeal this order, asserting that the penalty is arbitrary and unsustainable. Importantly, management believes this situation will not materially affect the company’s financial health or operational activities. Investors may view this as a potential risk but can remain confident in the company’s overall stability.