Further to letter dated August 14, 2023, informing the Stock Exchanges about the pending litigations of the Company pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The pending litigation list included a tax dispute under Income Tax of an aggregate amount of Rs 34 crore, Tata Chemicals has informed that it has received an Order giving effect to ITAT’s Order dated March 31, 2023 from Income-Tax Assessing Officer ruling in favour of the Company and granting a refund of Rs 70,94,53,907 (comprising Tax Rs 29,96,22,178 and interest Rs 40,98,31,729). The list of pending litigations of the Company stands modified to that effect and is attached as Annexure A.
The above information is a part of company’s filings submitted to BSE.
