PTC India Receives ₹11.80 Lakh Tax Penalty

Key Quantitative Figures

• Penalty Amount: ₹11,80,047
• Assessment Year: 2013-14
• Original Disallowance (Rule 8D): ₹4,65,78,838
• Reduced Disallowance after Appeal: ₹12,12,357

Dates of Action

• Date of Receipt of Demand Notice: July 31, 2026
• Date of Favorable Order (reducing disallowance): March 2026
• Date of Disclosure to Exchanges: August 1, 2026

Parties Involved

• Issuing Authority: Income Tax Department
• Recipient: PTC India Limited
• Appeal Authority: Commissioner of Income Tax (Appeals)
• Company Representative: Rajiv Kumar Maheshwari, Company Secretary (FCS-4998)

Purpose/Rationale

The disclosure is a mandatory regulatory filing required under SEBI Listing Regulations for material events. The penalty order is currently appealable, and the company has stated its intention to contest it.

Financial Impact

As explicitly disclosed in the annexure: "There is no material impact on the financials, operations and/or other activities of the Company due to the Penalty Order."

Status and Next Steps

The company has stated that it "will contest this order and file formal appeal before the Commissioner of Income Tax (Appeals)."