S Chand And Company receives INR 3.24 crores income tax refund

S Chand And Company Limited announced the receipt of an income tax refund totaling INR 3.24 crores, including interest, on August 29, 2025. This refund stems from a revised income tax return filed with the Income Tax Department of the Government of India, following the approval of a Scheme of Arrangement by NCLT on July 24, 2023. The refund addresses the assessment years 2019-20 and 2023-24.

The refund order was issued by the joint commissioner of income tax (OSD), Government of India, under Section 170A read with Section 143(1) of the Income Tax Act, 1961. The company confirmed that there is no material impact on its financial, operational, or other activities due to any violation or contravention.

This development was communicated to both the BSE Limited and the National Stock Exchange of India Ltd. as per Regulation 30 read with Schedule III sub-para 19 of Para A of Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.