Carraro India Limited — Others, 23-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Carraro India has secured a significant win against tax authorities, receiving favorable appellate orders for Assessment Years 2009-10, 2010-11, and 2016-17. The appeals filed by the Company were allowed, relieving it from previous tax demands. This positive development reduces the company's contingent liabilities by approximately 27.88 Cr. Furthermore, Carraro India will receive a tax refund of 5.30 Cr, previously paid under protest. This outcome is a clear positive for the company's balance sheet and cash flow, easing future financial obligations.