Tax demand revised upward to Rs 31.13 crore via rectification order

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POWERICA · price

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹627.25

prior close

₹615.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-3.0% vs market

Heavy Electrical Equipment peers, median of 33sector+1.2%-3.1% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 3.1 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-1.9+1.0-3.0+1.2-3.1

Next day

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 33Pending

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AI summary

Powerica Limited received a rectification order from the Income Tax Department on June 29, 2026, revising the earlier tax demand for Assessment Year 2025-26 from about Rs 30.28 crore to Rs 31.13 crore. The revision is due to TDS set-off adjustments under Section 154 of the Income Tax Act. The company states there is no material impact on its financials, operations, or activities. Powerica is reviewing the order and evaluating next steps, and had already filed a rectification application on June 17, 2026 against the earlier order.

Likely market impact

Marginal rise in tax demand; company says no material financial impact. Watch for outcome of review and any further legal action.