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Kei Industries wins Kerala High Court VAT case

February 21, 2025 at 07:01 PM UTCBy FilingReader AI

KEI Industries (BSE: KEI) announced that it received a favorable order from the Division Bench of the High Court of Kerala at Ernakulam, effectively setting aside a prior judgment related to a Kerala VAT assessment for the year 2013-14. The initial assessment, issued by the Assistant Commissioner (Mattancherry), involved a tax demand of ₹955,971 plus interest of ₹688,299. The High Court's Division Bench has allowed the appeal. KEI Industries is considering filing a statutory appeal. The company does not anticipate any significant financial impact from this legal development. The information was disclosed pursuant to Regulation 30 of the SEBI Listing Regulations and received by the company on February 20, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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