VLS Finance Limited — Others, 25-06-2025: Action(s) taken or orders passed

VLS Finance has announced a board meeting on June 28, 2025, to approve the financial results for the quarter and half-year. The company received a favorable order from the Commissioner of Income-tax (Appeals) cancelling the entire tax demand of Rs. 25.97 Cr for AY 2022-23, which arose from previous disallowed expenses and income adjustments by the tax department. This cancellation will have no material impact on the company’s financials or operations. This resolution removes a significant tax liability risk for shareholders going forward.