Arrow Greentech Limited has issued a formal response to BSE Limited regarding a surveillance query about movement in its stock price. The company's response, dated April 4, 2026, addresses concerns raised by the exchange's Department of On-line Surveillance.

Regulatory Compliance Confirmation

The company has confirmed its strict adherence to regulatory requirements in its response to BSE. Arrow Greentech stated that it complies with all requirements under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company emphasized that it has kept exchanges informed of all announcements and price-sensitive information as and when they arise.

Stock Price Movement Query Details

Company's Position on Pending Information

Arrow Greentech has clarified that there is no pending information or announcement that may have a bearing on the price or volume behavior of its scrip. This statement aims to address any market speculation regarding undisclosed developments that could influence the stock's trading pattern.

Corporate Information

The response was digitally signed by Company Secretary Poonam Bansal on April 4, 2026. Arrow Greentech Limited operates with its registered office located at Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai, and maintains manufacturing facilities in GIDC, Ankleshwar, Gujarat. The company's CIN number is L21010MH1992PLC069281.

Arrow Greentech Ltd has informed stock exchanges about receiving a penalty demand of Rs 1.80 crores from the Income Tax Department for assessment year 2017-18. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Penalty Details and Background

The Assessment unit of the Income Tax Department issued the demand letter under section 270(A) of the Income Tax Act, 1961. The penalty stems from the dismissal of the company's appeal under section 250 with Commissioner CIT (A) against disallowances of certain expenditure and deductions claimed under various provisions of the Income Tax Act.

Company's Response Strategy

Arrow Greentech has outlined its approach to address the penalty demand. The company stated there is no material impact on its financials, operations, or other activities due to the demand notice. Management plans to file an appeal against the penalty order within the stipulated period.

Legal Proceedings and Recovery Status

The company has already initiated legal measures to contest the underlying assessment. Arrow Greentech has filed an appeal with the Income Tax Appellate Tribunal (ITAT) against the order of CIT (A). Additionally, the company has submitted a letter to the Commissioner of Income Tax requesting to hold the recovery process until the outcome of the ITAT proceedings is determined.

Regulatory Compliance

The disclosure was made pursuant to Para A (20) of Part A of Schedule III to the SEBI LODR regulations. Arrow Greentech communicated the development to both BSE Ltd and National Stock Exchange of India Ltd on March 17, 2026, ensuring compliance with mandatory disclosure requirements for listed entities facing regulatory actions.