Shares of Quess Corp are likely to be in focus on Monday, April 27, after the company announced receipt of a significant tax refund from the Income Tax Department.
In a regulatory filing, the company said it has received an assessment order under Section 143(1) of the Income Tax Act, 1961, along with a total refund of Rs 155.11 crore for the financial year 2024–25.
The refund comprises Rs 145.65 crore towards tax refund and Rs 9.46 crore as interest. The amount was received on April 27, 2026, as per the company’s disclosure.
The assessment order was issued by the Centralized Processing Centre of the Income Tax Department, Bengaluru. The company clarified that there are no violations or contraventions associated with the order.
Importantly, Quess Corp stated that the development will have no impact on its financial, operational, or other business activities, indicating that the refund is largely a balance sheet adjustment rather than a change in core business performance.
This update comes as part of mandatory disclosure under Regulation 30 of SEBI Listing Regulations, and investors may track the stock for any reaction to the cash inflow.
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