Additional details required under SEBI circular dated 11th Novemebr,2024 for corporate Announcement filed on 10.06.2025
INTERARCH · price
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Awaiting price reaction for this filing.
Interarch Building Solutions has disclosed details of a tax assessment order passed by the Assistant Commissioner, State Tax, Jamshedpur, related to an Input Tax Credit issue. Originally, proceedings were initiated for Rs. 60.37 lakhs, but after hearings and documentation, the final assessed tax liability has been reduced to Rs. 11.61 lakhs. The company received the soft copy of the order on June 6, 2025, but due to the concerned officer being on leave and then on official duty, it reached the Compliance Team on June 10, 2025, after which the disclosure was promptly made. The company has stated it will file an appeal against the order in due course.
The financial impact is limited at around Rs. 11.61 lakhs, which is small relative to the company's operations, and the company intends to appeal, so this is unlikely to materially affect shareholders or the stock price.