Antony Waste Handling Cell Limited — Others, 19-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

AG Enviro Infra Project Private Limited, a material subsidiary of Antony Waste Handling Cell Limited, has received an assessment order and tax demand notice amounting to ₹10.57 crore under the Income Tax Act for the assessment year 2020-21. The demand relates to disallowances of certain expenses. The subsidiary plans to appeal against this demand, supported by an independent review indicating a strong stance on its tax position.

This situation may introduce some concern among investors regarding potential financial implications, although the management's confidence in a favorable outcome suggests a neutral impact on shareholder sentiment in the short term.