Harish Textile Engineers has received a notice to vacate one of its licensed factory premises at Umbergaon, Gujarat, following the expiration of its Leave and License Agreement. The company disclosed on July 2, 2026, that it received a communication from the licensor, Harish Enterprise Private Limited, on July 1, 2026, stating the agreement had expired by efflux of time on June 30, 2026. The licensor has called upon the company to hand over vacant and peaceful possession of the premises located at 103, Raikhadi, Umbergaon, District Valsad, within fifteen days of receiving the notice.

The notice further warns that if the company fails to vacate the premises within the stipulated period, the licensor shall be entitled to take appropriate action in accordance with law. The company stated that no violation or contravention has been alleged against it regarding the matter.

Harish Textile Engineers is currently reviewing the contents of the communication in consultation with its legal advisors. The company intends to take appropriate steps as may be considered necessary in accordance with applicable law. At present, the company stated that the financial or operational impact of this development cannot be quantified.

The disclosure was made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed by Sandeep Gandhi, Managing Director of Harish Textile Engineers.

The following table details the specifics of the communication received by the company:

Harish Textile Engineers Limited has received a notice to reopen its income tax assessment for Assessment Year 2021-22. The company disclosed that it received an order under Section 148A(3) and a consequential notice under Section 148 of the Income-tax Act, 1961 on June 30, 2026. The communications were issued by the Office of the Assistant Commissioner of Income Tax, Circle 2(1)(1), Mumbai.

The order under Section 148A(3) states that the case is fit for the issuance of a notice under Section 148 to reopen the assessment. Consequently, the notice under Section 148 requires the company to furnish its return of income for the specified assessment year within the prescribed timeline. This development follows previous disclosures made by the company on March 31, 2026, and June 18, 2026, regarding the proceedings under Section 148A(1).

The company clarified that no fresh violation or contravention has been alleged in the latest communication. It emphasized that the matter pertains to reassessment proceedings, and no tax demand, penalty, or liability has been raised or determined as of now. Therefore, the financial impact on the company is not currently ascertainable.

Harish Textile Engineers is currently reviewing the order and notice in consultation with its tax advisors. The management intends to take all necessary legal steps, including filing an appropriate response before the Income Tax Department within the stipulated timelines. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Tax Notice