Electrotherm (India) Limited has informed the Exchange about Action(s) taken or orders passed
ELECTHERM · price
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Electrotherm (India) Limited has received an Assessment Order under Section 147 and a Demand Notice under Section 156 of the Income Tax Act, 1961 from the Office of the Deputy Commissioner of Income Tax, Ahmedabad, for assessment year 2019-20. The total demand raised is Rs. 3,95,69,330, comprising a net tax liability of Rs. 1,77,74,570 and interest of Rs. 2,17,94,760. The order was dated 28th March 2026 and downloaded by the company on 31st March 2026. The company plans to file an appeal against the order and has stated that, based on its own assessment and legal advice, there is no material impact on its financials, operations, or other activities at this stage.
The tax demand of nearly Rs. 3.96 crore is significant but the company expects to overturn it on appeal, with management confirming no immediate material impact. Shareholders should watch the appeal outcome, as an adverse ruling could affect future earnings.