Capacit'e Infraprojects Limited has received an income tax notice with a demand of ₹10.18 crore from the Assistant Commissioner of Income Tax. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Assessment Order Details

The Income Tax Department completed the regular assessment under Section 143(3) and passed an assessment order pertaining to Assessment Year 2024-25 (Financial Year 2023-24). The tax demand of ₹10.18 crore includes applicable interest and arises from disallowances of certain expenditure and deductions claimed under various provisions of the Income Tax Act.

Company's Response Strategy

Capacit'e Infraprojects Limited plans to challenge the assessment order through multiple legal avenues. The company is in the process of filing a rectification application and an appeal before the Higher Appellate Forums within the prescribed timelines.

The company has expressed confidence in its position, stating that it believes it has adequate factual and legal grounds to reasonably substantiate its case in the matter. This confidence stems from the company's assessment of the disallowances made by the tax authorities.

Financial Impact Assessment

Despite the significant demand amount, Capacit'e Infraprojects Limited has indicated that there will be no impact on its financial operations or other activities. The company's stance reflects its belief in the strength of its legal position and the likelihood of a favorable outcome in the appellate process.

Regulatory Compliance

The disclosure was made in compliance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has also hosted this disclosure on its official website at www.capacite.in for stakeholder access and transparency.

Capacit'e Infraprojects Limited has successfully completed the electronic dispatch of its postal ballot notice and published newspaper advertisements confirming the distribution process for shareholder approval of significant corporate actions worth ₹600.00 crore. The company issued intimation letter CIL/SE/2025-26/77 dated March 28, 2026, to stock exchanges confirming completion of the postal ballot notice dispatch on March 27, 2026.

Postal Ballot Publication Confirmation

The company has fulfilled regulatory requirements under Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing newspaper advertisements on March 28, 2026. The advertisements appeared in leading publications to inform shareholders about the electronic dispatch completion.

Shareholder Approval Sought

The postal ballot notice seeks member approval for two critical resolutions that will shape the company's operational and governance structure. These resolutions require shareholder consent through the remote e-voting process exclusively.

Key Resolutions

Related Party Transaction Framework

The primary resolution addresses continuing related party transactions with TPL-CIL Construction LLP, where the company holds 35% partnership interest. These transactions relate to the ongoing BDD Chawls redevelopment project at Worli, Mumbai, awarded by Maharashtra Housing and Area Development Authority (MHADA).

Transaction Breakdown

E-voting Process Details

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities to shareholders. The voting process follows strict regulatory guidelines with defined timelines and procedures.

Voting Schedule

Independent Director Appointment

The special resolution proposes appointing Mr. Chilakamarri Lakshmi Narasimha Charyulu as Independent Director. The 60-year-old banking veteran brings over 34 years of experience from State Bank of India, with expertise in corporate credit and risk assessment.

Director Credentials

Regulatory Compliance and Transparency

The postal ballot process demonstrates the company's commitment to regulatory compliance and corporate governance standards. All procedures follow Section 110 of the Companies Act, 2013, and SEBI listing regulations, ensuring transparent shareholder participation.

The complete postal ballot notice remains available on the company's website ( www.capacite.in ), stock exchange platforms, and NSDL's e-voting portal for shareholder reference and participation in the democratic decision-making process.