A fire broke out at a subsidiary plant of Aditya Infotech in Andhra Pradesh, resulting in an estimated loss of ₹28 crore. No casualties were reported in the incident.

Key details of the incident

The company confirmed that the affected plant is owned by one of its subsidiaries located in Andhra Pradesh. Despite the scale of the damage, Aditya Infotech stated that the assets are adequately insured, which is expected to cover the financial impact of the loss.

Incident summary

Specifics of the disclosure

The fire occurred on Wednesday, September 9, 2026, at around 8:15 am due to a short circuit on the electrical power board. The incident took place at the assembly manufacturing area of AIL Dixon Technologies Private Limited, a material subsidiary of Aditya Infotech.

The plant is situated at Shed Nos. 1 to 4 and Shed No. 11, YSR EMC, Kopparthy, YSR Kadapa, Andhra Pradesh. The company brought the fire under control promptly and reported no injuries or disruptions to operations.

The estimated loss of ₹28 crore includes damage to raw materials, finished goods, testing equipment, and other materials. Aditya Infotech has intimated its insurance provider regarding the claim.

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.