Kaveri Seed Company Limited — Important, 27-03-2025: Updates

Kaveri Seed Company has received a demand notice from the Income Tax Authorities for ₹69.59 crore concerning the Assessment Year 2022-23. This demand arises from the disallowance of agricultural income exemption claimed by the company. Kaveri Seed firmly believes it is entitled to this exemption and is preparing to appeal the decision with appropriate legal counsel. The situation could impact the company's financial standing if not resolved, so it's advisable for investors to watch closely as developments unfold.