BSECompany Update11 Aug 2026 · 11 Aug 2026, 08:50 pm

Intimation under Regulation 30 read with Para B of Part A of Schedule III of SEBI Listing Regulations in relation to the receipt of favorable order dated August 10, 2026 from Hon''ble CESTAT, ....

HCL Infosystems Ltd · 500179

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HCL Infosystems Ltd has received a favorable order from the Hon'ble CESTAT, Allahabad, setting aside a tax demand of ₹22.85 Crores, along with applicable interest and equivalent penalty, resulting in a favorable outcome for the company.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10

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HCL Infosystems Ltd - 500179 - Intimation Under Regulation 30 Read With Para B Of Part A Of Schedule III Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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11th August 2026 Department of Corporate Services The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra Kurla Complex,Bandra (E), Mumbai 400 001 Mumbai 400051 Symbol: 500179 Symbol: HCL-INSYS Subject: Intimation under Regulation 30 read with Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding receipt of favorable order dated August 10th,2026 from Hon’ble Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad Dear Sir/Madam, Pursuant to Regulation 30 read with Para B of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Hon’ble CESTAT, Allahabad vide its order dated August 10th,2026 has allowed the Company’s appeal and set aside Order-in-Original No. 04/Commissioner/ST/Noida/2017-18 dated July 27th,2017 passed by the Office of the Commissioner, Central Goods & Services Tax Commissionerate, Noida. Accordingly, the demand of ₹22.85 Crores, along with applicable interest and equivalent penalty, confirmed against the Company under Section 73 of the Finance Act, 1994, stands set aside, resulting in a favourable outcome for the Company. The Department has the right to appeal against the aforesaid order before the appropriate higher forum, as permissible under law. Kindly take the same on record. For and on behalf of: HCL Infosystems Limited Twinkle Monga Company Secretary and Compliance Officer Membership No: 54882 Annexure-A Petitioner: HCL Infosystems Limited Brief details of litigation viz. name(s) of the Respondent: Principal Commissioner, Central Goods & opposing Service Tax, Noida party, court/ tribunal/agency where litigation is Appeal filed before: Hon’ble CESTAT, Allahabad filed, brief details of dispute/litigation. Issue Involved: Taxability of Service Tax on multiple services Expected financial implications, if any, due to Dismissal of tax demand of ₹22.85 Crores, along with compensation, penalty etc. applicable interest and equivalent penalty. Tax demand of ₹22.85 Crores, along with applicable Quantum of claims interest and equivalent penalty. The details of any change in the status and / or Hon’ble CESTAT, Allahabad vide its order dated August any 10th,2026 has allowed the Company’s appeal and set development in relation to such proceedings aside the order dated July 27th,2017.