SBFC Finance Resolves Telangana Profession Tax Notice with Nil Demand
SBFC Finance Limited has successfully resolved a Show Cause Notice issued by the Telangana Commercial/State Taxes Department regarding alleged non-payment of Profession Tax. The company received confirmation of the notice's closure with nil demand on October 10, 2025. SBFC Finance had promptly responded to the notice, providing evidence of tax payment. The resolution has no financial or operational impact on the company.

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SBFC Finance Limited, a prominent player in the Indian financial services sector, has successfully resolved a regulatory matter with the Government of Telangana. The company announced on October 11, 2025, that it had received confirmation of the closure of a Show Cause Notice issued by the Telangana Commercial/State Taxes Department, with nil demand.
Background of the Notice
The Show Cause Notice, originally issued under Section 8 of the Telangana Profession Tax Act, 1987, pertained to allegations of non-payment of Profession Tax and non-filing of tax returns. SBFC Finance had promptly responded to the notice, providing clarification and evidence that the required Professional Tax had been duly paid.
Resolution Details
The resolution of this regulatory matter unfolded as follows:
Date | Event |
---|---|
April 23, 2025 | SBFC Finance receives Show Cause Notice |
October 9, 2025 | Professional tax office endorses closure of the notice |
October 10, 2025 | Company receives official communication confirming closure with nil demand |
October 11, 2025 | SBFC Finance makes public disclosure of the resolution |
Impact on the Company
In its disclosure to the National Stock Exchange of India Limited and BSE Limited, SBFC Finance emphasized that this development has no financial or operational impact on the company. The swift resolution of this matter demonstrates the company's commitment to regulatory compliance and its ability to effectively address regulatory inquiries.
Management's Response
Namrata Sajnani, Company Secretary & Chief Compliance Officer of SBFC Finance Limited, signed the official communication to the stock exchanges. The company's proactive approach in responding to the Show Cause Notice and its transparent communication with stakeholders underscores its dedication to maintaining good corporate governance practices.
This resolution brings closure to the regulatory inquiry and reaffirms SBFC Finance's standing as a compliant entity in the financial services sector. Investors and stakeholders can take confidence in the company's ability to navigate regulatory challenges effectively, ensuring continued focus on its core business operations.
Historical Stock Returns for SBFC Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+4.56% | +3.74% | +4.28% | +15.52% | +28.19% | +22.38% |