Announcement under Regulation 30 of SEBI(LODR)

Litigation lossRegulatory & Legal View source PDF Explain this filing

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

+4.9%Reaction day

₹21.05

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+6.0% vs market

Other Financial Services peers, median of 79sector+0.0%+4.9% vs sector

On the reaction day the stock moved 6.0 pts more than Nifty Microcap 250 and 4.9 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+4.9-1.0+6.0+0.0+4.9

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+4.6-2.3+6.9-2.8+7.4

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 79Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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).

Likely market impact

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.