BSECompany Update12 Aug 2026 · 12 Aug 2026, 09:16 pm

Intimation under SEBI Listing Regulations regarding the receipt of favorable order dated August 12, 2026, from Hon''ble CESTAT, Allahabad

HCL Infosystems Ltd · 500179

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HCL Infosystems Ltd has received a favorable order from Hon'ble CESTAT, Allahabad, setting aside a tax demand of ₹16.67 Crores, along with applicable interest and equivalent penalty, resulting in a favourable outcome for the Company.

Analysis Scores

Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk9/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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

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12th August 2026 Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, C-1, G-Block, 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding receipt of favorable order dated August 12th,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 12th,2026 has allowed the Company’s appeal and set aside Order-in-Original No. 22/Commr./ST/Noida/2018-19 dated October 31st,2018 passed by the office of the Commissioner, Central Goods & Services Tax Commissionerate, Noida. Accordingly, the demand of ₹16.67 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. Thanking you, 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) Petitioner: HCL Infosystems Limited of the opposing party, court/ Respondent: The Commissioner, Central Goods & Service Tax, Noida tribunal/agency where litigation is Appeal filed before: Hon’ble CESTAT, Allahabad filed, brief details of Issue Involved: Applicability of Service Tax under reverse charge on dispute/litigation. royalty paid outside India Expected financial implications, if Dismissal of tax demand of ₹16.67 Crores, along with applicable any, due to compensation, penalty interest and equivalent penalty. etc. Tax demand of ₹16.67 Crores, along with applicable interest and Quantum of claims equivalent penalty. Details of any change in the status Hon’ble CESTAT, Allahabad vide its order dated August 12th,2026 has and / or any development in relation allowed the Company’s appeal and set aside the order dated October to such proceedings 31st,2018.