Mold-Tek Technologies Limited has informed the Exchange about General Updates - Intimation of Demand Notice
MOLDTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mold-Tek Technologies Limited has informed the stock exchanges about receiving a tax demand notice of Rs. 30,40,440 (about Rs. 30.4 lakhs) from the Income Tax Department under Section 156 of the Income Tax Act, 1961, for Assessment Year 2024-25. The notice was received on March 18, 2026, following an order under Section 143(3) of the Income Tax Act. The company has stated there are no violations or contraventions of any provisions of the Income Tax Act. The company is in the process of preparing and submitting its response to the relevant authorities within the prescribed timeframe. The company has stated the order has no financial impact, though it is contesting the demand.
The tax demand of Rs. 30.4 lakhs is relatively small for a listed company and unlikely to materially affect operations or share price. However, if the company fails in its response, additional interest and penalties could accrue. Investors should monitor the outcome of the company's submission to tax authorities.