Prince Pipes And Fittings Limited — Others, 18-03-2025: Action(s) initiated or orders passed

Prince Pipes and Fittings Limited has received an Assessment Order and Demand Notice from the Income Tax Department for the Assessment Year 2019-20, amounting to ₹26.50 crore. The demand stems from an alleged discrepancy related to advance taxes and TDS. However, the company notes that this demand is factually incorrect and will not significantly affect its financials or operations, as they are taking steps to rectify the situation. This development may result in a neutral impact on investor sentiment, given the company's assertion of the demand's lack of validity.