Coforge Limited — Important, 29-03-2025: General Updates

Coforge Limited has disclosed a total tax demand of ₹184.98 crore, which includes an interest liability of ₹48.46 crore, following a recent assessment by the Income Tax Department. This demand arises from transfer pricing adjustments, where the tax authority has determined a net operating margin of 32.5% for the company, contrary to the actual margin of 11.6% reported. However, management, backed by tax advisors, believes its position is defensible and does not expect a material adverse impact on the company's financial health. Investor sentiment may remain stable given the assurance of minimal long-term effects.