Subex Limited Receives Income Tax Refund of Rs. 2.37 Crores for AY 2008-09
Subex Limited disclosed the receipt of an income tax refund of Rs. 2.37 Crores, inclusive of interest of Rs. 1.28 Crores, for Assessment Year 2008-09, credited to its bank account on May 04, 2026. The refund was issued pursuant to a rectified order to give effect to the High Court's order, and the disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, signed by Company Secretary Ramu Akkili.
*this image is generated using AI for illustrative purposes only.
Subex Limited has disclosed the receipt of an income tax refund amounting to Rs. 2.37 Crores, inclusive of interest of Rs. 1.28 Crores, pertaining to Assessment Year (AY) 2008-09. The refund was credited to the company's bank account on May 04, 2026, and the disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Income Tax Refund Details
The refund was issued pursuant to a rectified order given to give effect to the High Court's order for AY 2008-09. The key details of the refund are summarised below:
| Parameter: | Details |
|---|---|
| Total Refund Amount: | Rs. 2.37 Crores |
| Interest Component: | Rs. 1.28 Crores |
| Assessment Year: | AY 2008-09 |
| Date of Credit: | May 04, 2026 |
| Basis of Refund: | Rectified order to give effect to High Court's order |
Regulatory Disclosure
The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was addressed to both the National Stock Exchange of India Ltd. and BSE Limited. The disclosure was signed by Ramu Akkili, Company Secretary & Compliance Officer of Subex Limited.
Historical Stock Returns for Subex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.59% | +6.86% | +30.96% | -20.31% | -20.00% | -80.84% |
Are there any other pending tax disputes or refund claims from subsequent assessment years that Subex Limited may be pursuing through legal channels?
How might the resolution of this 18-year-old tax matter impact Subex's strategy for addressing other legacy financial or legal obligations on its balance sheet?
Could this High Court-directed refund set a precedent for similar tax rectification cases in the Indian telecom analytics sector, and how might it influence peer companies' tax litigation strategies?
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
