Eureka Forbes Limited has taken legal action against the State of Rajasthan by filing a Writ Petition in the Hon’ble Rajasthan High Court. The petition challenges the calculation and levy of stamp duty imposed on its property in Rajasthan. The case is expected to be listed for hearing on April 8, 2025.

Background of the Case

The dispute dates back to March 6, 2023, when an order regarding stamp duty was issued against Eureka Forbes. Since then, the company has been contesting the charge and had previously intimated stock exchanges about developments in October 2023, January 2024, and January 2025.

While the company was in the process of filing the Writ Petition, it received a Demand Notice from the DIG Stamps, Rajasthan, on March 5, 2025. In response, Eureka Forbes submitted its reply on March 26, 2025, informing the authorities that the matter was already under legal challenge.

Legal Stand and Next Steps

• Eureka Forbes has requested the authorities to halt any further action related to the Demand Notice until the High Court decides on the matter.

• The company seeks a fair resolution of the dispute, ensuring that its financial obligations remain justified.

• The outcome of the hearing on April 8, 2025, will determine the next course of action for the company.

Impact on Eureka Forbes

Although the legal proceedings are ongoing, no immediate financial impact has been reported by Eureka Forbes. The company remains confident that the judicial process will provide clarity on the stamp duty levy.

Conclusion

Eureka Forbes' legal challenge against the Rajasthan Stamp Duty order highlights its commitment to ensuring fair compliance with taxation laws. The company has taken proactive legal steps to safeguard its interests and will await further proceedings in the Rajasthan High Court.

With the hearing set for April 8, 2025, all stakeholders, including investors, will be closely monitoring the outcome.

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