Vaibhav Global Limited — Others, 07-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Vaibhav Global Limited has announced a favorable order from the Income Tax Appellate Tribunal for assessment years 2020-21 and 2021-22. The ruling supports the company’s position on transfer pricing adjustments and the applicability of Section 115QA related to buy-back tax. As a result, previously raised significant tax demands of approximately Rs. 91.81 Cr for AY 2020-21 and Rs. 58.85 Cr for AY 2021-22 have been deleted. No penalties or non-compliances were identified, marking a positive outcome that improves the company’s tax position.