KEI Industries Limited — Others, 26-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

KEI Industries Limited has announced a favorable development in its tax dispute as the Delhi High Court overturned a demand order of about Rs. 59.04 Cr related to GST and penalties on intra-office cost allocations. The case will be reconsidered by the Adjudicating Authority, removing the immediate financial burden on KEI. This decision offers a chance for a revised outcome, potentially easing the company’s cash flow and improving its financial standing, which is positive for shareholders.