Xpro India Limited — Important, 13-08-2025: General Updates

Xpro India Ltd. has received full relief from a prior tax, interest, and penalty demand, initially raised by tax authorities. The Commissioner (Appeals–I), Pune, set aside the entire claim. This eliminated a potential financial obligation which included Service Tax of approximately 0.04 Cr, a penalty of approximately 0.04 Cr, and associated interest. This positive ruling ensures no negative impact on Xpro's financials, effectively clearing a cumulative potential liability of nearly 0.09 Cr. A clear win for investors, settling an outstanding tax matter.