Clarification for delay in disclosure of Income Tax order intimation
ZFSTEERING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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ZF Steering Gear India clarified a short delay in disclosing Income Tax Department orders received on March 27, 2026, via 10 emails (50+ pages each) for separate assessment years. The company reviewed the voluminous orders over the weekend and disclosed to BSE on March 30, 2026 at 12:34 pm. The company stated the IT orders had no incremental financial impact, as adequate provisions were already made and IT demands already paid in earlier financial years.
No financial impact as provisions already exist and IT demands were already paid. Delay explained and attributed to document volume, not negligence.