Action(s) taken or orders passed

Sudarshan Colorants India Limited has received an appeal order from tax authorities in Tamil Nadu rejecting the company's challenge against an earlier demand order for the period 2018-19, amounting to Rs. 5.11 Cr, which includes tax of Rs. 2.56 Cr, interest of Rs. 2.32 Cr, and a penalty of Rs. 22.91 Lakhs.

The company maintains that the order is appealable and is actively preparing to challenge the decision before a higher appellate authority.

Management anticipates no material impact on the company's financial health, daily operations, or overall business activities resulting from this development.