Disclosure under Regulation 30 of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015
VAKRANGEE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Vakrangee Limited has received a demand notice and penalty order from the Income Tax Department dated December 30, 2025. The demand of Rs. 28.91 lakh (Rs. 28,90,765) relates to Assessment Year 2018-19 and includes a penalty under Section 270A of the Income Tax Act, 1961. The company has stated there is no material impact on its financial position or operations. Vakrangee believes the demand is not maintainable and is in the process of filing an appeal against the order.
The penalty amount is small relative to the company's size and is unlikely to affect business operations, but the adverse tax order and ongoing appeal could create short-term uncertainty for shareholders. Investors should monitor the appeal outcome for any escalation in the demand amount.