NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company6d ago · 15 Jul 2026, 09:08 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

HCL Infosystems Limited · HCL-INSYS

✦ AI Summary▲ PositiveLitigation

HCL Infosystems Limited has informed the Exchange about the final dismissal of a Supreme Court case related to the taxability of a receipt from Hewlett Packard, resulting in a reduction of a tax demand of Rs. 14.90 crores.

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Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10

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HCL Infosystems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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HCL-INSYS1_15072026210818_HCLI_Reg_30.pdf

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15th July 2026 The General Manager The Vice President Department of Corporate Relations Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Dalal Exchange Plaza, Bandra Kurla Complex Street Fort, Mumbai 400001 Bandra (East), Mumbai 400051 Symbol: 500179 Symbol: HCL-INSYS Subject: Intimation under Regulation 30 read with Para B of Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations. Dear Sir/Madam, HCL Infosystems Limited (“the Company”) hereby informs that the Company had entered into a Joint Venture Agreement (JV) with Hewlett Packard (HP) on 02.04.1991 for right to use the name of HP, license to manufacture HP products with exclusive use of HP technology, use of HP patent/ copyright and access to HP’s worldwide strategies in marketing, product introduction support and business planning. The above joint venture agreement was terminated vide agreement dated 01.04.1997, pursuant to which the Company had received a compensation from HP for an amount of Rs.60.80 crores during FY 1997-98. The Company had treated the said receipt as a capital receipt at the time of filing the ITR for AY 1998-99 (FY 1997-98), not liable to tax. During income tax assessment proceedings, Assessing Officer (AO) considered the said receipts as capital gain liable to tax and consequently raised a demand of Rs. 14.90 crores. The Commissioner of Income Tax - Appeals, (First Appellate authority) also upheld the position taken by AO. However, the Income Tax Appellate Tribunal and Delhi High Court held the same as capital receipt not liable to tax. The Income Tax Department filed Special Leave Petition (SLP) before Supreme Court, against the order of Delhi High Court, that has been finally dismissed by Supreme court vide order dated 13.07.2026 and the Company received the same on 15.07.2026. Pursuant to Para B of Part A of Schedule III of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023 and SEBI master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,2026, the Company hereby informs about the details of Final Order received as per Annexure-A. Kindly take the same on your record. For and on behalf of HCL Infosystems Limited Twinkle Monga Company Secretary and Compliance Officer Membership No: A-54882 Annexure-A Brief details of litigation viz. name(s) of the opposing Petitioner: Commissioner of Income Tax party, court/ tribunal/agency where litigation is Respondent: HCL Infosystems Ltd filed, brief details of dispute/litigation. Appeal filed before: Hon’ble Supreme Court Issue Involved: Nature of Receipt to determine taxability Expected financial implications, if any, due to Dismissal of Demand: Rs. 14.90 Crores compensation, penalty etc. Quantum of claims Rs. 14.90 Crores the details of any change in the status and / or any The Income Tax Department filed Special Leave development in relation to such proceedings Petition (SLP) before Supreme Court, against the order of Delhi High Court, that has been finally dismissed by Supreme court vide order dated 13.07.2026 and the Company received the same on 15.07.2026. *****