CG Power and Industrial Solutions Limited — Others, 10-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

CG Power and Industrial Solutions Limited has announced a board meeting to discuss the recent developments regarding its income tax demand. The company received an order from the Income Tax Department related to demands totaling ₹248.40 cr for the assessment years 2015-16, 2016-17, 2017-18, and 2019-20. The order mandates the deposit of ₹2 cr, while the remaining demand has been stayed pending the outcome of the appeal filed with the Commissioner of Income Tax (Appeals).

This update reflects the company's proactive approach to address tax disputes, potentially alleviating short-term financial burdens. Investors may view this as a cautious but positive outlook, contingent on the appeal's outcome, as it affects the company's cash flow and overall financial health.