SBFC Finance Limited — Important, 23-04-2025: General Updates

SBFC Finance Limited has received a Show Cause Notice from the Government of Telangana’s Commercial/State Taxes Department concerning the alleged non-payment of profession tax amounting to ₹99.43 crore, which includes ₹57.32 crore in tax and ₹42.10 crore as a penalty. The company maintains that the notice is factually incorrect and does not anticipate any material impact on its financials or operations. SBFC Finance intends to respond to the Show Cause Notice within the prescribed timelines, indicating proactive steps to address the situation. Investors should monitor this development as the company asserts that it will mitigate any potential repercussions effectively.