Shares of Aequs Limited came into focus on Tuesday, December 24, after the company informed stock exchanges that the Hon’ble High Court of Karnataka has set aside an income tax assessment order raising a demand of Rs 779.56 million.
In an exchange filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, Aequs said the National Faceless Assessment Centre had earlier issued an assessment order dated September 27, 2021, under Section 143(3) of the Income Tax Act for the financial year 2017–18 (assessment year 2018–19), creating a tax demand of Rs 779.56 million.
Aggrieved by the assessment order, the company had filed a writ petition before the Karnataka High Court on October 21, 2021, seeking a stay on the demand. Aequs has now received an order from the court allowing the appeal and setting aside the assessment order entirely, providing relief to the company on the disputed tax matter.
The company stated that the disclosure is being made in compliance with applicable SEBI LODR regulations and follows earlier disclosures included in its Red Herring Prospectus dated November 26, 2025. The update was shared for the information of stock exchanges and stakeholders .
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