Aequs wins Karnataka HC ruling, ₹779.56 Mn income tax demand set aside

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

AEQUS · price

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

-3.6%Reaction day

₹139.93

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%-2.8% vs market

Aerospace & Defense peers, median of 22sector-1.4%-2.2% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.2 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 22Pending

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AI summary

The Karnataka High Court has set aside the income tax assessment order dated September 27, 2021 for FY 2017-18 (AY 2018-19), which had raised a demand of ₹779.56 Mn from Aequs. The company had filed a writ petition in October 2021 challenging the order. The court digitally signed the favourable order on December 18, 2025, which was received by the company on December 24, 2025. This is a revised intimation under SEBI LODR Regulation 30.

Likely market impact

Positive — ₹779.56 Mn tax liability nullified, removing a major overhang and saving the company from a large cash outflow.