Xchanging Solutions Limited: Tax Demand Reaffirmed at ₹47.17 Crore; Appeal to be Filed

Xchanging Solutions Limited has announced an update regarding pending litigation. The Principal Commissioner of Central Goods and Services Tax passed an order on November 27, 2025, reaffirming the exi...

Xchanging Solutions Limited has announced an update regarding pending litigation. The Principal Commissioner of Central Goods and Services Tax passed an order on November 27, 2025, reaffirming the existing tax demand of ₹23,58,82,562/-, along with a penalty of ₹23,58,92,562/-. This brings the total demand and penalty to ₹47,17,75,124/- (approximately ₹47.18 crore). The company intends to file an appeal against this demand order before the Appellate Tribunal (CESTAT). Xchanging Solutions Limited emphasizes that there is no change in the previously disclosed tax demand amount, as the adjudicating authority has merely reaffirmed the earlier position. The company further stated that this Assessment Order has no material impact on its financial standing, operations, or other activities. The disclosure is made in continuation of earlier communication dated August 14, 2023, and in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An explanation for the delay in disclosure cites the company's process of reviewing the order's contents and some internal communication delays.

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Why is Xchanging Solutions Limited in the news today?

Xchanging Solutions Limited (XCHANGING) is in the news due to the company is facing a reaffirmed tax demand and penalty, which is negative. however, it plans to appeal the order and states there is no material impact on its financials or operations, mitigating the negative sentiment.

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Xchanging Solutions Limited: Tax Demand Reaffirmed at ₹47.17 Crore; Appeal to be Filed

December 24, 2025, 10:56 AM

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Xchanging Solutions Limited has announced an update regarding pending litigation. The Principal Commissioner of Central Goods and Services Tax passed an order on November 27, 2025, reaffirming the existing tax demand of ₹23,58,82,562/-, along with a penalty of ₹23,58,92,562/-. This brings the total demand and penalty to ₹47,17,75,124/- (approximately ₹47.18 crore).

The company intends to file an appeal against this demand order before the Appellate Tribunal (CESTAT). Xchanging Solutions Limited emphasizes that there is no change in the previously disclosed tax demand amount, as the adjudicating authority has merely reaffirmed the earlier position. The company further stated that this Assessment Order has no material impact on its financial standing, operations, or other activities.

The disclosure is made in continuation of earlier communication dated August 14, 2023, and in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An explanation for the delay in disclosure cites the company's process of reviewing the order's contents and some internal communication delays.

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