Announcement under Regulation 30 of SEBI LODR
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Awaiting price reaction for this filing.
Arman Holdings Limited has disclosed receiving a Show Cause Notice from the Principal Commissioner of Income Tax (PCIT), Delhi-1 on 12 December 2025. The notice is part of revision proceedings under Section 263 of the Income Tax Act, 1961 for Assessment Year 2017-18, alleging that an earlier assessment completed on 26 May 2023 under Section 147 read with Section 144B is 'prima facie erroneous.' The company has stated it disagrees with the notice and plans to take appropriate action for rectification or reversal. The potential financial impact could include a tax demand, interest, and penalty, though no specific monetary amount has been quantified. There was a delay in disclosure as the company waited for expert tax analysis before informing the stock exchanges.
This is a tax-related regulatory matter, not a SEBI action, and the company has not admitted any wrongdoing. While the outcome remains uncertain, a possible tax demand plus interest and penalty could affect future earnings if not reversed; however, shares may see limited immediate reaction given the small size of the notice and the company's stated intent to contest it.