Announced Mon, 23 Feb · 16:49 IST

Intimation under Regulation 30 of the SEBI ( Listing and Obligation and Disclosure Requirements) Regulations, 2015

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AI summary

Rithwik Facility Management Services received a demand notice from the Central Processing Centre (CPC) of the Income Tax Department under Section 143(1) of the Income Tax Act, 1961. The tax authorities have asked the company to pay Rs. 61,150 for Assessment Year 2025-26 due to a mismatch in TDS deposits. No penalty or restriction has been imposed along with the notice. The company has stated there is no material financial impact beyond the small demanded amount and plans to reconcile the TDS entries with its vendors and take appropriate action.

Likely market impact

The demand amount of Rs. 61,150 is negligible for the company and is unlikely to affect operations or shareholder value. The matter is routine and administrative in nature, with no penalties or restrictions involved.