Vaibhav Global Limited — Important, 01-04-2025: Updates

A draft assessment order has been received from the Income Tax Department for the assessment year 2022-23 under Section 144C of the Income Tax Act. Major adjustments of ₹204.87 crore have been proposed concerning transfer pricing issues. The final financial implications will be determined once the final assessment order is issued; however, previous favorable rulings from the Income Tax Appellate Tribunal (ITAT) on similar matters suggest that Vaibhav Global does not anticipate a significant financial impact. The company intends to challenge the proposed adjustments by filing objections with the Dispute Resolution Panel. Stakeholders should monitor this situation closely for potential developments that could affect the company’s operational outlook.