Hindustan Aeronautics Limited — Others, 24-03-2025: Action(s) taken or orders passed

Hindustan Aeronautics Ltd has announced a board meeting to discuss the receipt of a direction from the Maharashtra State Tax Commissioner for a payment of ₹2,471 crore under an Amnesty Scheme for Public Sector Undertakings (PSUs). This sum is aimed at settling long-standing tax disputes amounting to ₹10,079.44 crore. The company notes that the financial impact is neutral, as the total amount is reimbursable from the Indian Air Force. This update could instill a positive outlook among investors, given the resolution of prolonged liabilities without adverse financial consequence.