Regulatory / Financial Adjustment
Quess Corp Receives ₹155 Cr Income Tax Refund Including Interest
NSE
quess
BSE
539978
Quess Corp Ltd has received an Income Tax refund of ₹155.11 crore (including ₹9.46 crore interest) for FY25 following an assessment order under Section 143(1)
PRICE-SENSITIVE TRIGGER
Event: Receipt of Income Tax Refund
Type: Regulatory / Financial Adjustment
Impact: Positive
Immediate Effect: Improves cash flow and liquidity position
Key Metrics:
- Total Refund: ₹155.11 Crore
- Tax Refund: ₹145.65 Crore
- Interest Component: ₹9.46 Crore
Highlight:
- ₹155.11 Cr cash inflow from tax authorities
What Happened ?
The company received an assessment order from the Income Tax Department (CPC, Bengaluru), resulting in a refund along with interest for FY 2024–25.
key highlights
Authority:
- Centralized Processing Centre (CPC)
- Income Tax Department, Bengaluru
Nature of Order:
- Section: 143(1) of Income Tax Act, 1961
- Outcome:
- Refund issued
- Includes interest component
Timeline:
- Refund received on:
- April 27, 2026
Compliance Status:
- No violations or contraventions reported
Operational Impact:
- No impact on operations
- Pure financial adjustment
Note:
- This is a non-operational gain → balance sheet + cash flow positive
Risk Analysis
Key Risks
- Non-recurring nature (one-time benefit)
- No impact on core business growth
- Market may not re-rate based on this
Worst Case Scenario
- Minimal valuation impact due to one-off nature
Risk Level: Low
Company Commentary
- Refund received pursuant to Income Tax assessment order
- Includes both principal tax refund and interest component
- No financial, operational, or business impact from the order
- Disclosure made in compliance with SEBI Regulation 30
Official Exchange Filing: Quess Corp Ltd