Globe Civil Projects Limited has informed the Exchange about Action(s) initiated or orders passed
GLOBECIVIL · price
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On the reaction day the stock moved 6.3 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Globe Civil Projects has received a demand notice of Rs. 80,19,790 (around Rs. 80.20 lakhs) from the Deputy Commissioner of Income Tax, Central Circle-27, Delhi, under Section 156 of the Income Tax Act, 1961. The demand relates to Assessment Year 2018-19 and arose from reassessment proceedings conducted under Sections 147/148 of the Income Tax Act. The order was passed on March 27, 2026, with intimation received by the company on March 29, 2026. The company plans to file an appeal before the Commissioner of Income-tax (Appeals) in New Delhi to contest the demand. The company has stated there is no material impact on its financials, operations, or other activities from this notice.
This is a relatively small tax demand (~Rs. 80 lakhs) for a company listed on NSE/BSE, and the company is confident enough to state no material impact. Short-term stock impact should be limited, but the appeal outcome will be worth tracking for shareholders.