Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Megri Soft Ltd has received a fresh Income Tax Assessment Order dated March 21, 2026, for Assessment Year 2013-14, in an ongoing tax dispute. The order disallows the company's Section 80IC deduction claim and raises a gross tax demand of Rs. 1,50,07,633 (about Rs. 1.5 crore), with a net payable amount of Rs. 89,41,520, which includes interest of Rs. 54,64,278 under Section 234B. A separate notice has also been issued to initiate penalty proceedings under Section 271(1)(c), although no actual penalty has been levied yet. The company disagrees with the disallowance and plans to file an appeal before the appropriate appellate authority while also contesting the penalty notice. The company has stated that the demand is not expected to have any material adverse impact on its financial position or operations at this stage.
The demand is modest in scale and the company is confident in contesting it through appeal, so the immediate financial impact appears limited. However, investors should monitor the appeal outcome, as an unfavorable ruling could affect future cash flows and earnings.