Cera Sanitaryware Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
CERA · price
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Cera Sanitaryware has received an Assessment Order from the Income Tax Department dated 26th March 2026 for FY 2023-24 (AY 2024-25). The Assessing Officer has raised a demand of Rs. 27.96 Crores under section 156 of the Income Tax Act, along with a show cause notice for penalty under section 270A. The company believes the demand lacks merit and is in the process of filing an appeal. Management has stated there is no material impact on financial, operations, or other activities of the Company.
While the Rs. 27.96 Crore demand is not negligible, the company's management has downplayed the impact and plans to contest it. Shareholders should monitor the appeal outcome, as an adverse ruling could affect earnings, though the company has cushion given its overall size.