Metropolis Healthcare Limited — Others, 29-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Metropolis Healthcare has announced a board meeting on March 28, 2025, regarding an appellate order received under the Income Tax Act from the Commissioner of Income Tax (Appeals), Mumbai. This order favorably addressed the company’s appeal against a prior income tax demand of INR 39.80 Cr for assessment years 2014-15 to 2023-24. The company had previously made a prudent provision of INR 19.64 Cr for the fiscal year 2023-24. The financial implications will be clarified once the Appeal effect order is issued by the Income Tax Department. This favorable outcome may bolster investor sentiment as it indicates effective management of tax disputes and potential for reduced liabilities.