Fertilizers and Chemicals Travancore Limited — Important, 02-04-2025: Updates
02-04-2025 · 05:42 pm
The Company has received an order from the Principal Commissioner, Central Tax & Central Excise, dismissing the proceedings related to Central Excise Duty for the period from April 2012 to September 2013. This development results in a reduction of ₹56.54 Cr in the contingent liability as of March 31, 2025. This positive outcome may improve the financial position of the Company, potentially enhancing its cash flow and reducing future liabilities. Investors should observe how this adjustment influences overall financial health moving forward.
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