Innovision Limited — Important, 30-03-2026: Disclosure of material issue

Innovision Limited received an order for recovery of tax & penalty totalling Rs 20.98 Cr for the period April 2019-March 2024 due to disputes in filed GSTR returns.

**Possible Impact:**

The company is evaluating the order. While they believe the demand is not sustainable and will not materially impact financials or operations, the potential liability is significant.

**Company's Response:**

Innovision Limited intends to challenge the proposed demand and penalty before the appropriate authority.