Vidya Wires' Board met to approve the financial results, appoint a new Company Secretary, and a Secretarial Auditor. They also decided not to suggest a final dividend and invested Rs 125 crore in a wholly-owned subsidiary.
Vidya Wires has received an assessment order from the Income Tax Department for the block period 2018-2025, resulting in an income tax demand of ₹24.73 Cr. This arose from certain additions and disallowances of expenditures. **Possible Impact:** The company states it does not expect any material impact on its financials,...
Vidya Wires' wholly-owned subsidiary, ALCU Industries, has received an assessment order from the Income Tax Department for the block period of April 1, 2018, to March 31, 2025. This order raises an income-tax demand of ₹1.75 Cr due to additions and disallowance of certain expenditures. **Issue:** An income-tax assessment order...
