Xiaomi Technology India's future hinges on tax dispute resolution and Chinese parent funds, per May 2 RoC filing.
Xiaomi Technology India's ability to continue as a going concern depends on the outcome of tax disputes and additional funds from the Chinese parent, according to the company's May 2 Registrar of Companies (RoC) filing. The auditor, Price Waterhouse Chartered Accountants LLP, noted uncertainties regarding the likely outcome, but Xiaomi doesn't see a threat in the foreseeable future based on legal opinions and cash flow projections.
May 09, 2024
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