NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company12 Aug 2026 · 12 Aug 2026, 09:22 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
HCL Infosystems Limited · HCL-INSYS
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HCL Infosystems Limited has informed the Exchange about the receipt of a favorable order from Hon'ble Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad, which has set aside a tax demand of ₹16.67 Crores, along with applicable interest and equivalent penalty.
Analysis Scores
Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
HCL Infosystems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) regarding receipt of favorable order dated August 12th,2026 from Hon ble Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad .
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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.