S Chand (SCHAND) Gets INR 3.24 Cr Income Tax Refund! 💰

Hey finance fam! 👋 Big news from the education sector today as S Chand And Company Limited (SCHAND), a well-known name in publishing, has announced a welcome financial boost. The company has officially received an income tax refund amounting to INR 3.24 crores, and yes, that includes interest!

This isn’t just a routine refund; it’s the culmination of a process that began with an NCLT-approved Scheme of Arrangement back in July 2023. Following this, S Chand filed revised Income Tax returns, leading to this refund order dated August 29, 2025. The refund covers the assessment years 2019-20 and 2023-24 and comes directly from the Joint Commissioner of Income Tax (OSD), Government of India, under specific sections of the Income Tax Act, 1961.

While the company has stated that this refund will have “No Material Impact” on its financial, operational, or other activities, receiving INR 3.24 crores is certainly a positive development. It enhances the company’s liquidity and provides additional financial flexibility, which can always be a good thing for future strategic moves or strengthening the balance sheet.

For context, S Chand’s shares were last traded at ₹193, down 0.6% before the market closed. This refund, however, is a direct inflow that could quietly support the company’s ongoing endeavors in the dynamic education space. Keep an eye on SCHAND as they continue to navigate the market! ✨

source: Corporate Announcement

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