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Kirloskar Brothers Ltd. ( (IN:KIRLOSBROS) ) has provided an announcement.
Kirloskar Brothers Limited, a company involved in a joint venture with IVRCL Ltd. and Megha Engineering & Infrastructure Ltd. for a project with the Water Resources Department of Andhra Pradesh, is facing legal challenges related to tax arrears. The company has received a demand notice for alleged tax arrears from the Andhra Pradesh GST Act, 2017, for the years 2017-18 and 2023-24. Kirloskar Brothers has filed writ petitions challenging these notices, and the Andhra Pradesh High Court has granted an interim stay on the recovery proceedings.
More about Kirloskar Brothers Ltd.
Average Trading Volume: 5,183
Technical Sentiment Signal: Hold
Current Market Cap: 140B INR
For an in-depth examination of KIRLOSBROS stock, go to TipRanks’ Overview page.