Sobha Limited — Others, 29-03-2025: Action(s) taken or orders passed

SOBHA Limited has received an assessment order from the Income Tax Department for the Assessment Year 2021-22, resulting in a demand notice of ₹1.94 Crore due to disallowance of certain expenses. The company is set to appeal this order before the Commissioner of Income Tax (Appeals) and believes it has robust legal grounds to challenge the demand. Management has indicated that there will be no immediate impact on operations or other activities. This development may create a neutral impact on investor sentiment, as potential risks related to financial obligations are being proactively addressed.