Announced Tue, 14 Apr · 18:37 IST
Income Tax demand of ₹9.11 Crore received; company to appeal
Regulatory & Legal View source PDF
VIKASECO · price
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Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹1.41
prior close
₹1.42
base price
After-mkt
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+0.7+1.4+2.1+1.4+2.1+2.8+1.4+2.8+2.1-1.4+0.0-3.5-7.8-14.9
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AI summary
Vikas EcoTech has received income tax assessment order(s) dated March 27, 2026, raising a total demand of ₹9.11 Crore across various assessment years. The demand stems from additions and disallowances made by tax authorities during assessments. The company plans to file appeals within prescribed timelines and says there is no immediate material impact on operations. Management, supported by legal advice, is confident of a favourable outcome at the appellate stage.
Likely market impact
A ₹9.11 Crore tax demand creates near-term financial uncertainty. Appeals pending; no immediate operational impact claimed by management.