Key Quantitative Figures
- Tax demand amount: ₹18,47,440
- Payment date: 25-07-2026
- Financial years involved: 2007-08 to 2022-23 & 2019-20 to 2022-23
Details of Tax Demand
- Authority: Income Tax Department
- Nature of demand: TDS mismatch under Income Tax Act, 1961
- Date of receipt of demand notice: 15-07-2025
- Violation: Demand notice issued regarding TDS mismatch
Payment Information
- Entire demand of ₹18,47,440 paid on 25 July 2026
- Payment made via income tax portal
- Additional interest amount was adjusted against unutilised balance showing on TDS portal
Impact Assessment
- No material adverse impact on the operations of the Company
- No material impact on activities of the listed entity quantifiable in financials, operations or other activities
- Financial impact explicitly stated as having no material adverse effect
Reason for Delayed Disclosure
The disclosure was submitted to the Stock Exchange on 27 July 2026 (beyond 24-hour requirement) due to:
1. Income Tax portal reflected additional outstanding demands requiring reconciliation and verification
2. Payment was made on Saturday evening (25 July 2026)
3. Reconciliation and confirmation process could only be completed on the next working day
4. Internal documentation and approval process for disclosure required completion
5. Disclosure submitted on immediately succeeding working day (27 July 2026)
The delay was procedural due to reconciliation of additional demands on Income Tax portal with no intention to withhold material information.