Gayatri Highways Limited has informed the Exchange about Action(s) taken or orders passed
GAYAHWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gayatri Highways has received a demand order from the Income Tax Department for Assessment Year 2018-19, amounting to approximately Rs. 40.40 lakhs (Rs. 40,39,680). The tax authority has reclassified certain expenses as capital in nature, reducing the company's carryforward losses, and has also charged interest under Section 234C despite no actual tax liability, which the company flags as a computational error. The order was received on 2nd March 2026. The company states there is no material impact on its financial operations and is evaluating the order to file an appeal and seek rectification.
The demand size is relatively small (around Rs. 40 lakhs) and the company says it has no material financial impact, so near-term impact on shareholders is likely minimal. However, the outcome of the appeal and any further tax disputes will be worth tracking.