Navkar Corporation Limited has informed the Exchange about Action(s) taken or orders passed
NAVKARCORP · price
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Navkar Corporation received an Income Tax Assessment Order under section 143(3) along with a Show Cause Notice (SCN) under section 274 read with section 270A of the Income Tax Act, 1961, for Assessment Year 2024-25. The order, dated March 16, 2026, was received by the company on March 18, 2026 via email. The assessment contains a small addition of Rs. 44,051 on account of interest income. Additionally, the company has received a Show Cause Notice proposing to levy a penalty linked to this addition. The company has clarified that it does not foresee any material impact on its financials, operations, or other activities due to this order.
The financial impact is negligible (addition of just Rs. 44,051) and the company confirms no material impact, so this is unlikely to affect shareholders or the stock price. Investors should monitor the outcome of the penalty proceedings initiated via the Show Cause Notice.