Key Quantitative Figures

  • Income tax refund amount: ₹15,98,56,158 (₹15.98 crore)
  • Assessment Year: 2025-26

Dates of Action

  • Previous disclosure date: June 29, 2026 (regarding income tax demand)
  • Order date: July 2, 2026
  • Date of receipt of communication: November 2, 2026
  • Filing date: November 13, 2026

Parties Involved

  • Regulatory Authority: Office of the Deputy Commissioner of Income Tax, Circle 3(4)
  • Company Representative: Anita Praful Renuse, Company Secretary & Compliance Officer (ACS: 25102)

Details of Development

Pursuant to verification of intimation under section 143(1), rectification order, and the Company's rectification application, the Income Tax Department found the contentions raised by the Company to be correct. The necessary rectification was carried out, resulting in determination of a total income-tax refund of ₹15,98,56,158 payable to the Company for Assessment Year 2025-26.

Financial Impact Assessment

The disclosure explicitly states: "There is no material impact on the financials, operations or other activities of the Company during the current financial year pursuant to the order passed for the aforesaid Assessment Year."

Additional Information

  • The intimation can be accessed on the Company's website at www.powericaltd.com
  • The Company apologized for delay in disclosure, citing high-priority workload of finalizing financial results for quarter and half-year ended September 30, 2026
  • No aberrations, non-compliances, penalties, restrictions, or sanctions were identified in the communication
  • No actions were required to be taken by the listed company with respect to the communication

Annexure Details

Annexure A: Provides details under SEBI Master Circular requirements, confirming the rectification and refund determination while noting certain sections as "Not Applicable."

Annexure B: Comprehensive disclosure table pursuant to SEBI Circular requirements, including:

  • Type of communication: Order under section 154 r.w.s. 143(1) of Income Tax Act, 1961
  • Applicable period: Assessment Year 2025-26
  • Confirmation of no financial implications for current financial year
  • Confirmation of no identified non-compliances or penalties