Attached is the disclosure of events specified in Regulation 30(3) read with sub para 8 of para B of Part A of Schedule III of SEBI (LODR) Regulations 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pyxis Finvest has disclosed updates on four income tax disputes related to assessment years 2011-12 and 2015-16. Two appeals — a Rs. 20,000 penalty under section 271(1)(b) and an incorrect tax demand of Rs. 79.34 lakh — were dismissed by the Commissioner of Appeal (NFAC) on 27-May-2025, and the company has now filed further appeals before the Income Tax Appellate Tribunal (ITAT), Mumbai on 21-Jan-2026. A penalty of Rs. 33.41 lakh under section 271(1)(c) for AY 2015-16 is still pending before the Commissioner of Appeal. Another small demand of Rs. 34,580 for AY 2011-12 (already paid) has been pending since 02-Jan-2019. The total disputed amount across all matters is approximately Rs. 1.13 crore.
The disputed amounts are relatively small and the matters are still under appeal, so there is no immediate financial hit for shareholders. The filing is largely a routine regulatory disclosure, though two adverse rulings at the Commissioner of Appeal level indicate the company has lost at the first stage of appeal on the larger items.