Standard Glass Lining Technology Limited has informed the Exchange about receipt of Assessment Order
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Standard Engineering Technology Limited (formerly Standard Glass Lining Technology Limited) has received an Income Tax Assessment Order from the Assessment Unit of the Income Tax Department dated January 12, 2026. The order raises a tax demand of Rs. 1,64,96,940 (approximately Rs. 1.65 crore) for FY 2019-20 (AY 2020-21) related to certain sales transactions reviewed by the tax authorities. The company has stated that all transactions were genuine, properly recorded in books, reported in GST returns, and settled through banking channels with no cash involvement. The company plans to file an appeal with the appellate authority within the permissible timeline.
The company claims no material financial or operational impact, but the Rs. 1.65 crore tax demand, if upheld after appeal, could affect cash flows. Shareholders should monitor the appeal outcome as it represents a modest financial exposure relative to the company.