Triton Valves Ltd — Updates, 29-04-2025: Company Update

Triton Valves Limited has submitted a fresh intimation to the BSE regarding a ₹9.32 crore demand notice received under the Income-tax Act for the assessment year 2022-23. The company contests the demand, labeling it factually incorrect and not legally justifiable. A writ petition filed with the Hon’ble High Court of Karnataka resulted in an order to set aside the assessment for reconsideration, allowing the company to contest the claim. This development is not expected to materially impact the company’s financial or operational activities, as the demand is now considered nullified.