Vodafone Idea Limited — Others, 21-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Vodafone Idea has updated on a material litigation concerning a Writ Petition filed against the Income-tax Department. The Bombay High Court had directed the department to process an income-tax refund of ₹1,647 Crore, which was subsequently received by the company. The Income-tax Department's Special Leave Petition to the Supreme Court, challenging this ruling, has been dismissed, confirming the High Court’s order. Since the company has already received the refund, there is no further financial impact expected from this judgment. This outcome could foster a positive outlook among investors, reinforcing confidence in the company's cash flow stability.