We hereby submit the disclosure regarding the Order passed by the Income Tax Department against the Company
AEROENTER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aeroflex Enterprises has received an order from the Income Tax Department under section 274 read with section 270A of the Income-tax Act, 1961, raising a tax demand of Rs. 19,85,543 (around Rs. 19.86 lakhs). The order relates to alleged under-reporting of income, classified as misreporting, for assessment year 2023-24. The order was dated March 24, 2026, and received by the company via email on March 25, 2026 at 12:19 a.m. The company plans to appeal before the Appellate Authority within the prescribed time limit and is confident of a favorable outcome. The company also stated that it does not expect any material financial impact from this order.
The tax demand is small (under Rs. 20 lakhs) relative to typical corporate operations, and the company plans to appeal, so this is unlikely to materially affect shareholders. However, it is a tax compliance event that may cause minor short-term sentiment noise, and the late disclosure (beyond SEBI's 24-hour timeline) could invite mild regulatory scrutiny though the company cited the late-night email receipt and a festival holiday as reasons.