HCL-INSYS

HCL INFOSYSTEMS : RECEIVES ₹26.35 CR VAT REFUND FROM RAJASTHAN AUTHORITIES ⚖️💰 • 💰 HCL Infosystems receives refund of ₹26.35 Cr from Rajasthan VAT Authorities — refund of pre-deposit relating to taxability dispute on batteries sold in composite packs with mobile phones • 📋 Dispute pertained to tax periods 2009-10 and 2011-12 — long-pending matter now resolved in company's favour 🟢 Impact: Positive (One-time cash inflow of ₹26.35 Cr — clears a legacy VAT dispute and improves near-term liquidity)