Repco Home Finance Receives Tax Demand Of Rs 117.3 Million

Mortgage lender Repco Home Finance Ltd informed the exchanges that it has received a tax demand order amounting to Rs 117.3 million from the income tax department. The demand pertains to certain assessment-related matters, and the company stated that it is reviewing the details and grounds cited in the notice.

Repco Home Finance clarified that it will take necessary actions, including filing an appeal or seeking clarification, as required under applicable regulatory processes. The company added that this development is not expected to have any major financial or operational impact on its ongoing business activities.

Key Highlights

• Tax authorities issue total demand of Rs 117.3 million to Repco Home Finance
• Company reviewing the order and grounds of assessment
• Plans to take appropriate legal and regulatory measures to contest the demand
• No immediate material impact expected on business operations

Source: Exchange filing, Repco Home Finance Ltd