Vishnu Prakash R Punglia Limited — Others, 23-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Vishnu Prakash R Punglia Limited has received a Show Cause Notice from the Assistant Commissioner of Income Tax concerning allegations of income escaping assessment for the Assessment Year 2019-20, amounting to ₹32.31 crore. The company has responded, asserting that it believes the matter carries no financial implications and expects a favorable outcome. This perception may positively influence investor sentiment, as the company has cooperated fully with the authorities and is confident in resolving the issue effectively. Overall, this development highlights the company’s commitment to compliance and proactive management of potential risks.