Polycab India Limited — Important, 30-01-2025: General Updates

The Deputy Commissioner of Income-Tax, Mumbai has issued re-assessment orders for assessment years 2014-15 to 2022-23, leading to an income tax demand of ₹77.67 Crore, which includes interest of ₹21.62 Crore. The disallowance relates to certain expenditures and additions as per the Income Tax Act. However, the company believes that the demand lacks legal standing and does not anticipate any significant effect on its financials or operations. Polycab plans to appeal these orders, indicating its commitment to contest the claims. Investors should watch closely as the resolution progresses, although the firm maintains a stable outlook.