Dynamic Cables Limited — Important, 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.
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