JK Agri Genetics Ltd — Important, 01-06-2026: Company Update

JK Agri Genetics Ltd. has resolved a long-standing tax dispute concerning its financial year 2017-18. The Income Tax Department's final assessment order disallows ₹1.50 Cr of labour expenses and a related weighted deduction of ₹0.75 Cr, resulting in a total tax liability of ₹0.78 Cr. The company has accepted this order. Crucially, this tax demand will be adjusted against the company's available MAT credit, ensuring no cash outflow for the company. This clarification of past tax liabilities is a positive for shareholders.