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Intellect Design Arena Ltd ( (IN:INTELLECT) ) just unveiled an announcement.
Intellect Design Arena Ltd has announced an update regarding an Order in Appeal received from the Commissioner of GST & Central Excise, Chennai. The order, dated April 17, 2025, involves a demand and penalty related to inter-company transactions concerning transfer pricing arrangements. While a significant portion of the demand and penalty has been dropped, a smaller amount has been upheld, which the company plans to legally contest. Intellect Design Arena Ltd believes that the order will not have a significant financial impact on its operations, as it maintains compliance with GST laws.
More about Intellect Design Arena Ltd
Intellect Design Arena Ltd operates in the financial technology industry, providing digital transformation solutions and services primarily focused on banking, insurance, and other financial services sectors. The company is known for its comprehensive suite of products that cater to various aspects of financial operations, including risk management, treasury, and core banking solutions.
YTD Price Performance: -21.07%
Average Trading Volume: 27,609
Current Market Cap: 106.2B INR
Find detailed analytics on INTELLECT stock on TipRanks’ Stock Analysis page.