Physicswallah Limited has informed the exchange regarding Annual Secretarial Compliance Report for the financial year ended March 31, 2026.
PWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Physicswallah Limited submitted its first Annual Secretarial Compliance Report since listing on NSE and BSE (November 18, 2025). The report, issued by Practising Company Secretaries Naresh Verma & Associates, covers compliance with SEBI regulations for the year ended March 31, 2026. Out of 13 compliance areas examined, 12 were fully compliant. One minor observation was flagged: the company received a tax assessment order and demand notice of Rs.263.34 crore (dated March 16, 2026) under Section 143(3) of the Income Tax Act for Assessment Year 2023-24, and disclosed it to the stock exchanges on March 18, 2026 — two days after receipt. The company justified the delay by stating the matter was assessed as remote under Ind AS 37 and did not trigger disclosure requirements under SEBI Regulation 30, but voluntarily disclosed it as a matter of good governance. No penalties were imposed by exchanges. No prior-year observations were pending.
The compliance record is broadly clean for a newly listed company, with only a minor two-day disclosure delay. The Rs.263.34 crore tax demand remains a contingent liability matter that investors should monitor, though the company considers it remote. No regulatory action was taken.