Tech Mahindra Limited secures a contract from the Office of the Deputy Commissioner of State Tax in Pune, Maharashtra.

Tech Mahindra Limited has received an order from the Office of Deputy Commissioner of State Tax, Pune, Maharashtra for a penalty of INR 3,939,338 under the Goods and Services Tax (GST) Act. This is in connection with a GST audit for the financial year 2020-21 for the company’s Maharashtra non-SEZ location. The company has assessed the situation and plans to file an appeal, expecting a favorable outcome at the appellate level. As a result, the company does not anticipate a material financial impact from this order. The order was received on December 5, 2024, at 5:43 PM (IST). The company’s financial, operating, and other activities are not expected to be significantly affected by this development.