HMA Agro Industries Limited — Important, 27-07-2025: Updates

HMA Agro Industries has received favorable outcomes on its income tax appeals. Substantial tax demands previously issued for Assessment Years 2019-20, 2021-22, 2022-23, and 2023-24 have been quashed. The Income Tax Department has now issued revised refund orders to the company. Management reiterates there was no adverse material financial impact from these demands, and while the refunds are beneficial, they are not material to the company's overall financials. This development reinforces the company's strong compliance position.