Inspirisys Solutions Limited has notified stock exchanges regarding a structural change in its statutory auditor's business constitution. The company informed the National Stock Exchange and BSE Limited on January 18, 2026, about the conversion of its auditor from a partnership firm to a Limited Liability Partnership structure.

Auditor Conversion Details

MSKA & Associates, the company's statutory auditor, has converted from a partnership firm into a Limited Liability Partnership under the provisions of the Limited Liability Partnership Act, 2008. The conversion became effective on January 13, 2026, and the firm now operates under the name MSKA & Associates LLP.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this change pertains only to the constitution of the audit firm and does not result in any change in the engagement of the statutory auditors.

Continuity of Audit Services

MSKA & Associates LLP will continue to act and discharge its responsibilities as the statutory auditors of Inspirisys Solutions Limited for the remaining period of their approved tenure. The conversion does not affect the ongoing audit engagement or the firm's obligations toward the company.

SEBI Disclosure Requirements

In compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, the company provided specific disclosures regarding the nature and effective date of the change.

The notification was signed by S. Sundaramurthy, Company Secretary & Compliance Officer, and communicated to both stock exchanges for record-keeping purposes.

Inspirisys Solutions Limited , a Chennai-based IT services company, has successfully resolved a significant tax dispute as authorities dropped a Rs 5.03 crore GST demand. The company received the final order on December 24, 2024, marking a favorable conclusion to the Input Tax Credit scrutiny that began in 2023.

Background of the Case

The dispute originated from a Show Cause Notice dated September 30, 2023, issued by the Joint Commissioner, Office of the Principal Commissioner of CGST and Central Excise, Chennai - North Commissionerate. The notice questioned an alleged excess Input Tax Credit availed by the company for the financial year 2021-22.

Favorable Resolution

According to the company's regulatory filing, the final order was received through speed post on December 24, 2024, at 1:00 PM IST. The tax authorities decided the matter in favor of Inspirisys Solutions Limited, completely dropping the demand of Rs 502.51 lakhs.

Regulatory Compliance Update

The company has updated stakeholders through a filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows their earlier intimation dated September 30, 2024, regarding pending material litigations and disputes.

Financial Impact

The resolution eliminates any potential financial liability that could have impacted the company's balance sheet. Earlier, Inspirisys Solutions had maintained that there were no expected financial implications due to compensation or penalty, a position that has now been vindicated by the favorable outcome.

Market Implications

This positive development removes regulatory uncertainty that had been hanging over the company since 2023. The complete dropping of the GST demand validates the company's tax compliance practices and eliminates potential financial stress from the disputed amount.