Intimation of demand notice received from Income Tax Department

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-0.9%Reaction day

₹86.80

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.2% vs market

Industrial Products peers, median of 111sector+0.1%-1.0% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.0 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 111Pending

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AI summary

Envair Electrodyne Ltd has received a demand notice from the Income Tax Department amounting to Rs. 18,47,440, related to a TDS (Tax Deducted at Source) mismatch. The notice was received on July 15, 2025, and the company has stated it is in the process of filing a reply to contest the demand before the concerned authority. The company has clarified that there is no material impact on its financial position, operations, or other activities.

Likely market impact

The demand amount is relatively small compared to typical corporate financials, and the company plans to contest it. This is unlikely to have a meaningful impact on shareholders or the stock price, though investors should monitor the outcome of the company's response.