Aditya Infotech received a favorable order from the Income Tax Appellate Tribunal (ITAT), Delhi, deleting the entire tax addition of ₹40.38 crore for Assessment Year 2019-20. The tribunal dismissed additional grounds raised by the Assessing Officer, resolving a long-standing dispute.

The company filed this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was received on September 9, 2026, at 10:03 am via email. This development concludes the appellate proceedings for the specific assessment year.

Order Details

The ITAT deleted the balance addition of ₹3.60 crore that remained outstanding after the Commissioner of Income Tax (Appeals) had previously passed its order. Earlier intimation dated January 16, 2026, had highlighted this pending amount. With the current ruling, all additions aggregating to ₹40.38 crore made during the assessment proceedings under Section 143(3) of the Income Tax Act, 1961, stand fully deleted.

Next Steps

Aditya Infotech stated it will file an application with the Income Tax Department to give effect to the tribunal's order. The financial impact, if any, will be determined once the department processes the request and grants effect to the deletion. No immediate accounting adjustment has been recorded in the latest filings.

What the Numbers Show

The complete deletion of ₹40.38 crore represents a full reversal of the disputed additions for AY 2019-20. Since the initial assessment, the company successfully challenged these amounts through the appeals process, first reducing the liability via the CIT(A) order and now eliminating the remaining ₹3.60 crore through the ITAT. This resolution removes the contingent liability associated with this specific tax year from the company’s regulatory disclosures.

Aditya Infotech has moved to the next stage of its planned capital raise by dispatching a postal ballot notice to shareholders. The company is seeking approval for a special resolution to raise up to ₹1,500 crore through the issuance of equity shares, which may be executed via a qualified institutional placement (QIP), a public issue, or a combination of both.

The notice, dated August 19, 2026, was filed with the National Stock Exchange of India Limited and BSE Limited on August 20, 2026. The move follows the board’s initial approval of the fundraising mechanism during a meeting held on August 19, 2026. Shareholders holding equity shares as on the cut-off date of August 14, 2026, are eligible to vote.

E-voting schedule and process

Aditya Infotech will conduct the voting exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL). The voting window is structured as follows:

• Commencement: Friday, August 21, 2026, at 9:00 am
• Conclusion: Saturday, September 19, 2026, at 5:00 pm
• Result declaration: On or before Tuesday, September 22, 2026

The resolution requires a special majority. If approved, it will be deemed passed on the last day of e-voting. Mr. Anuj Gupta, Company Secretary in Practice, has been appointed as the scrutinizer to oversee the process.

Use of proceeds and structure

The explanatory statement accompanying the notice outlines that the proceeds from the issue will be utilized for multiple strategic purposes. These include repayment or prepayment of outstanding borrowings by the company and its subsidiaries, funding capital expenditure requirements, meeting working capital needs, and making strategic acquisitions or investments.

The board retains discretion over the final structure of the issue, including pricing, allotment terms, and the specific mix of QIP versus public issue components. If executed as a QIP, the allotment must be completed within 365 days of the resolution’s passage. Securities issued under a QIP will carry a one-year lock-in period for allottees, except for sales on recognized stock exchanges. Additionally, a minimum of 10% of the securities must be allotted to mutual funds if they subscribe to that portion; otherwise, it may be allotted to other qualified institutional buyers.

Governance and regulatory compliance

The board constituted a committee of directors to manage all matters related to the proposed fund raise in its absolute discretion. The issuance is subject to compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. A credit rating agency registered with SEBI will monitor the use of proceeds and submit quarterly reports to the board until 100% of the funds are utilized.

The company disclosed that the details are provided pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No preferential allotment, bonus issue, or depository receipt issuance was indicated in this filing beyond the proposed equity raise.