MphasiS Limited — Others, 31-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Mphasis Limited has received a notice of demand under the Income Tax Act for ₹232.37 crore concerning the assessment years 2018-19 and 2019-20. The company asserts that these claims are non-maintainable and does not expect any material financial impact. The management is confident due to favorable past precedents from tribunals regarding similar tax issues. Mphasis is considering legal remedies against this demand. Investors might view this as a neutral impact, as the company appears well-prepared to challenge the order and maintains a positive outlook on its financial health.