Alpha Tribe

Dynamic Cables LimitedImportant, 31-03-2025: Disclosure of material issue

31-03-2025 · 03:28 pm

Dynamic Cables Limited has announced a board meeting to address an assessment order and demand notices received from the Income Tax department regarding the assessment years 2017-18 and 2019-20. The company faces a tax demand of ₹3.26 crore for 2017-18 and ₹1.64 crore for 2019-20 due to disallowed expenses. While the management plans to appeal these orders, they do not anticipate any material impact on financial or operational activities. Investors may perceive this news as a neutral impact, though the outcome of the appeals could influence future sentiment given the potential financial liabilities involved.

No comments yet. Be the first to comment!

All announcements from Dynamic Cables Limited