AWFIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awfis Space Solutions has disclosed receiving a Show Cause Notice (DRC-01) from the Commercial Tax Officer, Nungabakkam, Chennai, regarding discrepancies in the company's filed return statements for FY 2023-24. The total demand raised is INR 6,52,97,283, broken down as INR 4,52,95,634 in principal tax, INR 1,53,72,087 in interest, and INR 46,29,562 in penalty. The company is in the process of preparing and submitting its reply to the notice. This is a routine regulatory disclosure under SEBI LODR requirements.
The INR 6.53 crore tax demand is material but the company has not yet accepted liability and is contesting the notice, so immediate financial impact remains uncertain pending the reply.