3i Infotech Limited has informed the Exchange about General Updates

Regulatory & Legal View source PDF Explain this filing

3IINFOLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.4%Reaction day

₹18.29

prior close

₹17.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-2.0% vs market

Computers - Software & Consulting peers, median of 66sector-0.8%-2.6% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.6 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.8

10m

-2.1

15m

-1.6

30m

-3.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.4-1.4-2.0-0.8-2.6

Next day

-4.3-4.5+0.1-4.1-0.3

-3.8-3.8+0.0-5.1+1.4

-5.3-3.6-1.7-5.2-0.1

-3.5-3.9+0.4-5.7+2.2

-2.2-5.2+3.0-5.4+3.2

-3.2-4.2+1.0-4.5+1.2

15d

-4.3-1.5-2.8-2.7-1.6

-6.6-3.1-3.4-8.9+2.3

+2.2+6.4-4.2-3.6+5.8

+50.6+8.3+42.3-3.0+53.6

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

3i Infotech Limited has disclosed that its wholly owned step-down subsidiary, 3i Infotech Inc. (USA), received a Sales and Use Tax Audit Notice of Assessment from the Pennsylvania Department of Revenue. The assessment covers the period June 30, 2022 to June 30, 2025, with total audited liability of USD 833,833.58, interest forecast of USD 150,099.24, and penalty of USD 250,150.09 (approximately Rs. 2.36 crores). The US subsidiary is currently evaluating the matter and plans to file an appeal against the assessment. The company states there has been no significant impact on financial, operational, or other activities of the subsidiary apart from the quantified amounts.

Likely market impact

The penalty of Rs. 2.36 crores is relatively small for a listed company and the company is actively contesting it, suggesting limited direct shareholder impact. However, ongoing tax compliance issues in foreign subsidiaries could raise governance concerns.