Tata Consultancy Services Limited — Others, 03-12-2024: Action(s) taken or orders passed

Tata Consultancy Services has received an order from the Additional Commissioner, Appeal 3, State Tax, Noida, disallowing Input VAT for the fiscal year 2015-16 and imposing a penalty of ₹11.04 lakh. The company is appealing this order and expects no significant impact on its financial or operational activities. This situation may influence investor sentiment mildly, as the potential for appeals can introduce some uncertainty, but management’s confidence in mitigating any material impact presents a mostly positive outlook.