Intimation of demand notice received from Income Tax Department
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Awaiting price reaction for this filing.
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.
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.