Goa Carbon Receives ₹1.42 Crore Tax Refund Order

Date: 21st October 2026

Other Operational / Legal / Strategic Disclosures

Goa Carbon Limited received a Rectification Order dated 08.10.2026 from the Deputy Commissioner of Income Tax, Circle-1(1), Panaji, Goa under Section 154 of the Income-tax Act, 1961 for Assessment Year 2010-11. The order was received by the Company on 20.10.2026 at around 16:58 hours.

This rectification order grants additional interest to the Company and determines a further refund of ₹22,22,305/- as payable. This order rectifies a previous Rectification Order dated 10.07.2026.

The background involves a Writ Petition (L) No. 485 of 2026 filed by the Company before the Hon'ble Bombay High Court, Goa Bench, challenging an Order Giving Effect dated 20.11.2025. That order had granted a refund of ₹76,15,436/- for Assessment Year 2010-11 but did not grant statutory interest and additional interest payable under Section 244A of the Act.

During the pendency of this writ petition, the Deputy Commissioner of Income Tax passed the Rectification Order dated 10.07.2026, which granted interest under Section 244A of the Act and determined a further refund of ₹1,20,44,555/- as payable to the Company.

The Company is currently evaluating the appropriate course of action regarding the pending Writ Petition (L) No. 485 of 2026 in light of these two rectification orders (dated 10.07.2026 and 08.10.2026).

The total additional refund determined through these rectification orders amounts to ₹1,42,66,860/- (₹1,20,44,555 + ₹22,22,305).