Demand notice of revised property tax from Office of the Assistant Revenue Officer, Bruhat Bengaluru Mahanagara Palike, Bengaluru
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ADC India Communications has received a revised property tax demand notice from the Office of the Assistant Revenue Officer, Bruhat Bengaluru Mahanagara Palike (BBMP) for its property at Peenya Industrial Area, Bangalore. The demand covers under-assessment of property tax for the financial years 2016-17 to 2024-25. The total demand is Rs. 55.93 lakh, which includes Rs. 12.57 lakh in interest and Rs. 19.26 lakh in penalty. The company disclosed the matter with a delay, citing office closures on January 24-26, 2026 followed by an inadvertent oversight.
The financial impact is relatively small at around Rs. 56 lakh for a listed entity, likely manageable from a cash flow perspective. However, shareholders should watch whether the company contests the demand or accepts it, as it raises questions about historical property tax compliance at this key facility.