Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
PRITIKAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pritika Auto Industries received an income tax demand notice of Rs 1,83,81,330 (approximately Rs 18.4 crore) from the Centralized Processing Center, Income Tax Department for Assessment Year 2025-26. The demand arose due to an error where depreciation of Rs 13.86 crore was incorrectly added when calculating Minimum Alternate Tax (MAT) under Section 115JB. The company states there is no violation or contravention on its part and that the demand is erroneous. Management has stated the mistake is apparent from records and they are filing for rectification under Section 154 and also planning to appeal. The company declares there is no material impact on its financials or operations.
The disclosure is a routine regulatory compliance matter. The tax demand of Rs 18.4 crore may create short-term investor concern, but the company explicitly states no material financial impact and is confident the error will be rectified through the appeal process.