Himatsingka Seide Income Tax Litigation Update

Himatsingka Seide discloses update on transfer pricing litigation for AY 2008-09 involving corporate guarantees and inter-corporate loans.
Income Tax Appellate Tribunal dismissed appeal and deleted additions of Rs. 6.90 crores in company's favor.
Revenue Department's delay condonation accepted by High Court; company plans Supreme Court appeal.
Disclosure made pursuant to SEBI Listing Regulations regarding ongoing legal proceedings status.