Goa Carbon Limited has temporarily shut down its Paradeep Unit for scheduled maintenance work, effective from 22nd March 2026. The company communicated this operational update to stock exchanges through a regulatory filing under Regulation 30 of SEBI regulations.

Facility Details and Location

The affected unit is located at Vill. Udayabata, Paradeepgarh, Dist. Jagatsinghpur, Odisha. The temporary shutdown commenced on 22nd March 2026 as part of the company's scheduled maintenance activities.

Regulatory Compliance

The company filed the intimation with both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) to ensure transparency and regulatory compliance. The filing was signed by Company Secretary Pravin Satardekar, who holds ICSI Membership number 24380.

Company Background

Goa Carbon Limited, incorporated in 1967, operates with its registered office at Dempo House, Campal, Panaji-Goa. The company maintains its corporate identity under CIN L23109GA1967PLC000076 and trades on stock exchanges under the symbol GOACARBON.

Goa carbon Limited has informed stock exchanges about receiving an income tax assessment order and demand notice for Assessment Year 2024-25, disclosing the development under SEBI listing regulations.

Assessment Order and Demand Details

The company received an assessment order bearing DIN ITBA/AST/S/143(3)/2025-26/1087174994(1) dated March 11, 2026, issued by the Faceless Assessment Unit of the Income Tax Department. The order was issued under section 143(3) read with Section 144B of the Income-tax Act, 1961.

Along with the assessment order, Goa Carbon also received a demand notice bearing DIN ITBA/AST/S/156/2025-26/1087175116(1) dated March 11, 2026, issued under Section 156 of the Income-tax Act, 1961 for an amount of ₹3,19,66,260. Both documents were uploaded by the Income Tax Department and subsequently accessed and downloaded by the company from the income tax portal on March 11, 2026.

Company's Response and Legal Strategy

Goa Carbon has expressed confidence in challenging the assessment order, stating it believes there are certain corrections required in the demand computation. The company maintains it has a strong case on merits against the disallowances made by the Assessing Officer in the assessment order.

The company is evaluating multiple legal remedies to address the situation:

• Filing of a rectification application
• Filing an appeal before the appropriate Appellate Authority
• Challenging the assessment order and demand notice through legal channels

Additionally, the company has received a Notice under section 274 read with section 270A of the Income-tax Act, 1961, for the same Assessment Year 2024-25.

Impact on Business Operations

Goa Carbon has clarified that the assessment order and demand notice do not have any adverse impact on the company's financials or business operations. This disclosure was made to stock exchanges BSE Limited and National Stock Exchange of India Limited through their respective listing platforms as required under Regulation 30 of SEBI listing obligations.

The company's disclosure, signed by Company Secretary Pravin Satardekar, was communicated to exchanges on March 12, 2026, ensuring compliance with regulatory requirements for material event disclosures.