Hitech Corporation Ltd

Hitech Corp Hit with ₹1.85 Cr Stamp Duty Demand – Appeals Planned ⚖️

- Hitech Corporation Limited received an order from Gandhinagar authorities on August 05, 2025.

- The order demands ₹26,49,156 in stamp duty and ₹1,58,94,936 as a fine for a slump sale agreement dated May 30, 2006.

- The slump sale involved transfer of assets between Mipak Plastics Private Limited and Mipak Polymers Private Limited.

- Mipak Polymers had already paid ₹5,82,640 in stamp duty to Maharashtra for the same agreement.

- The company will file an appeal within the prescribed timelines.

- No material financial or operational impact expected from this order.