Muthoot Finance Faces Telangana Tax Demand totaling ₹14.82 crore

Muthoot Finance Limited has received a tax demand from the Telangana Commercial/State Taxes Department, totaling ₹14.82 crore, with an additional penalty of ₹8.91 crore and interest at 24% per annum. The order, dated March 28, 2025, was received by the company on March 31, 2025. The demand relates to professional tax assessments, where authorities allegedly did not consider supporting documents. Muthoot Finance maintains that the allegations are unfounded and plans to file a rectification application or appeal. The company asserts that the order has no material impact on its financial or operational activities.