Announcement under Regulation 30 of SEBI(LODR)
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Awaiting price reaction for this filing.
Aryan Share and Stock Brokers Ltd has informed the BSE that its appeal against an Income Tax demand of Rs. 8,75,82,325 (around Rs. 8.76 crore) for Assessment Year 2017-18 was dismissed by the CIT (Appeals) under NFAC on 23 September 2025. The original tax demand now stands upheld against the company. No further next steps (such as approaching ITAT or the High Court) have been mentioned in this filing. The order number referenced is ITBA/NFAC/S/250/2025-26/1081047656(1).
This is negative for shareholders — the company has lost its appeal and may need to pay or provide for the Rs. 8.76 crore tax demand, which could impact earnings and cash flows. Investors should watch for further updates on whether the company plans to escalate the matter to a higher appellate authority.