Kirloskar Oil Engines Limited — Others, 25-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Kirloskar Oil Engines has announced a board meeting to discuss the recent Assessment Order received from the Income Tax Department. The order confirms disallowances with a tax impact of ₹12.93 Crore for the financial year 2022-23, out of an initial proposal of ₹19.17 Crore. The company plans to appeal against this order and request a pause on penalty proceedings until the appeal's outcome. Management expects no significant impact on its financials or operations. This update may influence investor sentiment positively, as the company actively seeks resolution while maintaining a stable financial outlook.