This is in reference to note no.3 which is part of “Notes to the Statement of Standalone
and Consolidated Financial Results for the quarter and nine months ended 31st
December, 2023” submitted to the stock exchanges.
In terms of provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and in furtherance to the aforesaid intimation
submitted by way of note, this is to inform that the appeals filed for the period from AY
2013-14 to AY 2018-19 by the Material Subsidiary of the Company i.e. Mahadhan
AgriTech Limited (formerly known as Smartchem Technologies Limited) (MAL), have
been dismissed by the Commissioner of Income Tax (Appeals), Mumbai.
How much was the tax demand.
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