H.G. Infra Engineering Limited — Others, 27-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

H.G. Infra Engineering Limited has received an Assessment Order from the Income Tax Department regarding the assessment year 2018-19, citing an addition of ₹119.98 crore to total income and a Show Cause Notice for underreported income and unexplained expenditures. While the company asserts that there is no immediate impact on its financials or operations, it plans to appeal the order, anticipating a favorable resolution based on legal grounds. This situation could influence investor sentiment, presenting a potential risk if the appeal does not succeed, but also an opportunity for recovery should the decision be overturned.