Vakrangee Limited has made a regulatory disclosure to BSE Ltd. and the National Stock Exchange of India Ltd. pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure is also made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.
Nature of the Event
The company has received an order from the Income Tax Department.
Detailed Disclosure (Annexure-I)
1. Name of the Authority: Income Tax Department
2. Nature and Details of the Order: The company received penalty orders from the Income Tax Department under section 270A of the Income-tax Act, 1961. The order imposes a penalty of ₹60,703 for Assessment Year (AY) 2018-19.
3. Date of Receipt of Order: The order was received on November 3, 2026.
4. Details of the Violation/Contravention: The penalty is related to the disallowance of expenditure under Section 37(1) of the Income Tax Act, 1961 for AY 2018-19.
5. Financial and Operational Impact: The company has explicitly stated that the penalty levied does not have any material impact on its financials. Furthermore, it has no impact on the operational or any other activity of the company. The impact is quantifiable at ₹60,703 but is deemed immaterial.
6. Explanation for Delay in Disclosure: Not Applicable (NA), indicating the disclosure was made in a timely manner.
The disclosure was signed and submitted by Amit Vijay Gadgil, Company Secretary & Compliance Officer (Membership No.: A49442) of Vakrangee Limited.