Escorts Kubota Limited — Others, 23-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Escorts Kubota Limited has filed an appeal with the Income Tax Appellate Tribunal in Delhi against a tax assessment order resulting in a transfer pricing adjustment of ₹20.81 crore for the assessment year 2021-22. This adjustment is expected to have a financial implication of ₹5.24 crore on the consolidated accounts of Escorts Kubota Limited. The appeal reflects the company’s strategy to contest tax liabilities potentially impacting its financial health. Investors may view this move as an opportunity for possible financial recovery, but there remains a risk tied to the outcome of the litigation.