GE Vernova T&D India Limited — Others, 25-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

GE Vernova T&D India Limited has filed objections with the Dispute Resolution Panel of the Income Tax Department against a draft order for the assessment year 2022-23. This order disallows certain revenue expenses, leading to an increased tax liability of ₹37.25 crore plus applicable interest. The company maintains a positive outlook, believing the dispute will resolve favorably and does not expect a material financial impact. This situation may provide insight into the company's risk management practices while demonstrating its commitment to addressing tax-related challenges directly, which could resonate positively with investors.