Disclosure under Regulation 30 of the SEBI Listing Regulations

POWERICA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-7.3%1-day move

₹569.40

prior close

₹563.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.2-1.8-5.1-3.4-7.3-4.9-4.8-9.2-12.2-15.1+5.0+10.2——

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AI summary

Powerica Limited has disclosed receipt of a Notice of Demand dated May 21, 2026, from the Centralized Processing Center, Income Tax Department, Bengaluru. The demand amounts to Rs. 30,27,98,870 (approximately Rs. 30.28 crore) for Assessment Year 2025-26 under Section 143(1) of the Income Tax Act, 1961. The tax demand arose primarily due to setoff relating to advance tax, TDS, and self-assessment tax. The company states there is no material impact on its financials, operations, or other activities for the current financial year. The company is reviewing the order and evaluating its next steps, noting that the order is rectifiable.

Likely market impact

A Rs. 30.28 crore income tax demand is significant but the company has clarified it expects no material financial impact and is reviewing the demand for rectification, suggesting this may be a routine tax adjustment rather than a penalty or fraud finding.