CG Power and Industrial Solutions Limited — Others, 23-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
23-08-2025 | 03:03 pm
23-08-2025 | 03:03 pm
The company received a stay on a significant tax demand from tax authorities, which was approximately 467.76 Cr. This stay is conditional on substantial payments. The company will make five installments totaling 42 Cr over the next few months. Additionally, a sixth installment of approximately 93.55 Cr, representing 20% of the disputed demand, is due by January 2026. This mandates a significant near-term cash outflow, totaling around 135.55 Cr, but allows the company to continue its appeal against the original tax order.
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