WeP Solutions Receives Favorable ₹42.5 Cr CESTAT Order

WeP Solutions received a favorable order from CESTAT, Bangalore, setting aside a service tax demand of ₹4.25 crore plus interest and penalty.
The demand was for the period April 2011 to June 2012 under the 'Supply of Tangible Goods' category for managed printing services.
The company stated there is no financial or operational impact as the amount was already shown as a contingent liability.
This disclosure is made pursuant to Regulation 30 of the SEBI LODR Regulations, 2015.