Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1705.35
62.05 (3.78%)
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Tech Mahindra informs about disclosure

Date: 29-05-2024

In furtherance to its intimation dated 08th May, 2024, Tech Mahindra has informed that the Company has received an order from the Joint Commissioner, Office of Commissioner of Central Tax, Central Excise & Service Tax. (Medchal Commissionerate), State/UT: Hyderabad, Telangana imposing an additional penalty u/s 73(9) of CGST Act, 2017 amounting to Rs 20,000/-. Based on the Company’s assessment, an appeal may be filed, and the Company is hopeful of a favorable outcome at the appellate level and does not expect the said Order to have any material financial impact on the Company. The details of the above Order, as required under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 are enclosed as Annexure A. The above information is also available on the website at www.techmahindra.com.

The above information is a part of company’s filings submitted to BSE.