Disclosure of material issue

Educomp Solutions received a Show Cause Notice from tax authorities for alleged short payment of tax for FY21-22. The notice demands ₹0.008 Cr for tax, ₹0.2521 Cr for interest, and ₹0.0008 Cr for penalty, totaling approximately ₹0.26 Cr.

The company, currently managed by a Caretaker Resolution Professional, states the demand is "not maintainable" and is preparing a response.

This development is significant for a company already undergoing insolvency proceedings. #Educomp #TaxNotice