Cheviot Company Limited — Others, 18-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Cheviot Company has provided an update on its tax litigation for Assessment Year 2016-17. Previously, the company faced a tax demand of approximately ₹ 22.35 Cr. Following a rectification petition, the assessing officer has now issued an order significantly reducing the demand to about ₹ 1.59 Cr, after allowing credit for pre-paid taxes. While the company continues to pursue further relief, this reduced tax amount is no longer anticipated to have a material financial impact on the company. This update resolves a notable prior financial uncertainty.