BSECompany Update5d ago · 15 Aug 2026, 02:37 pm

Disclosure under Regulation 30 of SEBI LODR as per attached letter.

Indian Hume Pipe Company Ltd · 504741

✦ AI Summary▼ NegativeLitigation

Indian Hume Pipe Company Ltd disclosed pending litigation with the Income Tax Department regarding a penalty of Rs. 63,10,816/- imposed under section 271AAC(1) of the Income Tax Act, 1961. The company has filed an appeal against the order and expects the entire demand to subside.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment3/10

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Indian Hume Pipe Company Ltd - 504741 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

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HP/SEC/ 15th August, 2026 1. BSE Ltd. 2. National Stock Exchange of India Ltd. Corporate Relationship Department, E x c h ange Plaza, 5th floor, 1st Floor, New Trading Ring, P l o t N o. C/1, G Block, Rotunda Building, P. J. Towers, B a n d ra-Kurla Complex, Dalal Street, Fort, Mumbai – 400001 Bandra (East), Mumbai – 400051 BSE Scrip Code: 504741 S y m b o l – I N D IANHUME; Series EQ Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/ Madam, In continuation of the earlier submissions, vide letter dated 1st April 2026 to the Stock Exchanges and pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the disclosure of pending litigation(s)/ dispute(s) is enclosed as Annexure I. Kindly request you to take the same on record. Thanking you, Yours faithfully, For The Indian Hume Pipe Company Limited, Niraj R. Oza Vice President - Company Secretary & Legal ACS 20646 Annexure – I Particulars Details Brief Details of litigation viz. Assessment Unit, Income Tax Department, NAFAC, i) Name(s) of the opposing party, Delhi. ii) Court/tribunal/agency where Commissioner of Income Tax (Appeals), NAFAC Delhi litigation is filed iii) brief details of dispute/litigation The Company is in receipt of order dated 14th August 2026 passed by Commissioner of Income Tax (Appeals) under Section 250 of the Income Tax Act, 1961 for Assessment Year 2023-2024 confirming the levy penalty of Rs. 63,10,816/- imposed under section 271AAC(1) of the Income Tax Act, 1961 vide order dated 31st March 2026. The said penalty was imposed on account of addition made in the assessment order being alleged unexplained purchases amounting to Rs. 10,51,80,264/-, ignoring the pendency of quantum appeal filed by the Company before the Hon. ITAT, Mumbai. The said disallowance was originally made in the assessment order dated 25th March 2025 passed under Section 143(3) of the Act. The disallowance of the said claim was confirmed by Commissioner of Income Tax (Appeals) vide order dated 30th August 2025. Aggrieved by the said order, the Company has filed an appeal on 29/10/2025 before Hon. Income Tax Appellate Tribunal, Mumbai challenging the said disallowance. The Company’s quantum appeal before Hon. ITAT Mumbai is pending adjudication as on passing of the order by the Commissioner of Income Tax (Appeals). B Expected Financial implications, if The Company will prefer an appeal against the said order any, due to compensation, dated 14th August 2026, before the Hon. Income Tax penalty etc., Appellate Tribunal (ITAT), Mumbai, challenging the penalty sustained by the Commissioner of Income tax (Appeals). The Company believes that it has adequate factual and legal grounds to reasonably substantiate its position in the matter. Accordingly, the Company expects that entire demand to subside. As such, there is no material impact on financial, operational or other activities of the Company. C Quantum of claims, if any As per Clause A(iii) above.