Kesoram Industries has informed that the Company had earlier received an Income Tax Assessment Order under section 143(3) read with section 144B of the Income Tax Act, 1961 wherein a demand of X 70.54 Crores had been raised, pertaining to AY 2024-25. The Company had represented against the aforesaid demand before the appropriate authority. Pursuant to the order now received, the said demand stands reduced from % 70.54 crores to X 6.03 crores. The Company is examining the said order and evaluating appropriate further legal remedies, if required, in respect of the balance demand.
The above information is a part of company’s filings submitted to BSE.
