Aarti Industries Limited — Others, 17-05-2025: Action(s) taken or orders passed

Aarti Industries has announced a board meeting on the financial results for the quarter and half-year. The company received an income-tax assessment order for FY 21-22, including a Rs. 15 Cr addition treating MEIS subsidy as revenue and a Rs. 632 Cr disallowance tied to a long-term contract cancellation, resulting in a Rs. 163.30 Cr demand notice. The company is filing a rectification application, expecting this demand to reduce to about Rs. 8 Cr after considering MAT credit. No material impact on financials or operations is expected, and the company plans to appeal with legal support.