Visesh Infotecnics Limited — Others, 26-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

MPS Infotecnics Limited has filed a response to the Income Tax Department regarding a Show Cause Notice related to a penalty of ₹10 crore imposed by SEBI for alleged violations in the issuance of Global Depository Receipts during FY 2021-22. The company asserts that this penalty was not accepted and has been successfully challenged, with the amount reduced to ₹25 lakh by the Securities Appellate Tribunal. This update indicates the company’s proactive approach in addressing compliance issues and strengthens its position against potential tax liabilities. The resolution of these legal matters may positively influence investor sentiment by indicating effective governance and risk management.