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HMT Limited’s Subsidiary Faces Tax Demand

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HMT Limited’s Subsidiary Faces Tax Demand

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HMT Ltd. ( (IN:HMT) ) just unveiled an update.

HMT Limited disclosed that HMT (International) Limited, its wholly owned subsidiary, received a demand notice from the Income Tax Department for outstanding amounts from the assessment years 2010 and 2012. The company is consulting with tax advisors to address the situation and ensure compliance, which may affect its financial standing and stakeholder interests.

More about HMT Ltd.

HMT Limited is a company under the Government of India, operating primarily in the manufacturing sector. It has a wholly owned subsidiary, HMT (International) Limited, which plays a significant role in their operations.

YTD Price Performance: -16.05%

Average Trading Volume: 5,322

Current Market Cap: 63.17B INR

Learn more about HMT stock on TipRanks’ Stock Analysis page.

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