HB Leasing & Finance Company Ltd — Important, 07-11-2025: Company Update

HB Leasing & Finance Company received a favorable ruling from the Income Tax Appellate Tribunal (ITAT), which dismissed the Income Tax Department's appeal. The ITAT upheld an earlier decision that had deleted an addition of Rs. 45.03 Crore for alleged undisclosed income and an income tax demand of Rs. 31.07 Crore. This outcome clarifies the company's tax position on these past items, meaning the company is not liable for these amounts. The company has stated this ruling has no material impact on its current financial or operational activities.