Sobha Limited — Others, 28-03-2025: Action(s) taken or orders passed

SOBHA LIMITED has announced a board meeting regarding an income tax assessment order for AY 2015-16, resulting in a demand notice of ₹1.88 Crore due to income additions. The company plans to appeal this order, believing it has strong legal grounds. While the outcome is under evaluation, there is currently no impact on operations or other activities. Investors should note that this situation presents a potential risk, but management's confidence in their appeal may maintain a positive outlook for the company's overall financial health.