H.G. Infra Engineering Limited — Others, 26-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

H.G. Infra Engineering Limited's wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-6, has received an assessment order and a show cause notice from the Income Tax Department concerning the assessment year 2023-24. The order includes a demand for Rs. 32.99 crore, citing underreporting of income and unexplained expenses. While there is currently no immediate impact on the company's finances or operations, management plans to appeal the order, expecting a favorable resolution. This situation may create uncertainty for investors, but the company’s proactive approach could foster a positive outlook if the appeal succeeds.