CRISIL Receives ₹148.99 crore Tax Assessment, Plans Appeal
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CRISIL has been served an income‑tax assessment for FY 2022‑23 demanding ₹148.99 crore (tax + interest); it will appeal and expects no immediate impact on operations or cash flow.
- Assessment issued under Sec. 143(3) & Sec. 144B for AY 2023‑24, total demand ₹148.99 crore.
- Company says existing liquidity and earnings can absorb the amount if the appeal fails, but the liability would reduce net profit when recognised.
- No change to current operations, dividend policy, or cash flows; the appeal process is underway.
- Risk: an adverse ruling could trigger a material cash outflow and hurt profitability. Opportunity: a successful appeal would preserve cash and earnings.
- Disclosure complies with SEBI Listing Regulation 30 and Schedule III, underscoring strong governance.
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