Vidya Wires Limited has disclosed receipt of an assessment order from the Income Tax Department under Regulation 30 of SEBI Listing Regulations.

Key Quantitative Figures

  • Income tax demand amount: ₹24,72,60,254 (Twenty Four Crore Seventy Two Lakh Sixty Thousand Two Hundred Fifty Four)
  • Block period covered: 01.04.2018 to 23.04.2025 (7 years and 23 days)

Parties Involved

  • Regulatory Authority: Office of the Deputy Commissioner of Income Tax, Central Circle-3, Vadodara
  • Listed Entity: Vidya Wires Limited

Reason for Communication

The assessment order was issued subsequent to assessment proceedings carried out by the department in relation to the block period from 2018 to 2025. The demand has been raised on account of certain additions and disallowance of certain expenditures under various sections of the Income Tax Act.

Financial Impact Disclosure

The company states: "The Company intends to file an appeal against the aforesaid Order. The Company does not expect any material impact on its financials, operations or other activities due to the said Order."

Additional Details

  • No penalties or restrictions imposed pursuant to the communication
  • The disclosure includes completed Form A as Annexure-1 and additional details as Annexure-2
  • The intimation will be uploaded to the company's website at www.vidyawire.com