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| Exchange Received Time 06/01/2018 14:53:42 Exchange Disseminated Time 06/01/2018 14:53:48 Time Taken 00:00:06 | Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, read with Schedule III of said Regulation we would like to inform you that Company have received a 'Demand Notice' in continuation of Search proceeding conducted as per Income Tax, Act 1961, demanding the payment by the Company of a sum of Rs. 14,75,84,700/- (Rupees Fourteen Crores Seventy Five Lacs Eighty Four Thousand and Seven Hundred Only).
The Company is contesting the demand and would file an appropriate appeal against this order under the applicable provisions of the Income Tax Act, 1961 within the stipulated period and also there seems no material impact on the business operations of the Company.
Kindly take a note of the same.
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