Aequs Limited has received a favorable order from the Hon'ble High Court of Karnataka at Bengaluru concerning an assessment order issued by the National Faceless Assessment Centre. The Income Tax Department had previously issued an order dated September 27, 2021, under Section 143(3) of the Income Tax Act, related to the Financial Year 2017-18 (assessment year 2018-19). This order had raised a demand of ₹779.56 million (₹77.96 crore). Aequs Limited had challenged this order by filing a Writ Petition on October 21, 2021, before the Hon'ble High Court of Karnataka, seeking a stay on the demand. The High Court has now passed an order, setting aside the assessment order and allowing Aequs' appeal. This intimation is made in compliance with SEBI LODR Regulations.