Nature of the Event
The company received a Final Order of Settlement under the Haryana One Time Settlement Scheme for Recovery of Outstanding Dues, 2026, regarding assessment proceedings for demand of Entry Tax under Haryana Tax on Entry of Goods in Local Areas Act, 2008 for assessment years 2015-16, 2016-17 and 2017-18.
Key Details
- Authority: Excise and Taxation Officer-cum-Assessing Authority, Ward-6, Hisar
- Order Receipt Date: October 14, 2026 at 5:13 PM
- Original Tax Demand: ₹21.20 lakhs aggregate for assessment years 2015-16, 2016-17 and 2017-18
- Settlement Payment: ₹7.29 lakhs paid on September 28, 2026
- Application Date: Settlement application filed on September 28, 2026
Resolution Outcome
All related pending appeals before any appellate authority under the relevant Act, the Haryana Tax Tribunal, Punjab & Haryana High Court, or Supreme Court stand successfully withdrawn and concluded. The matter has been fully settled and closed.
Financial Impact
The disclosure explicitly states: "There is no material impact of the said matter on the financial or operations activities of the Company as the matter stands fully settled and closed."