Jyoti Limited has received an income tax assessment order for Assessment Year 2024-25, resulting in a demand of Rs 5.06 crores including interest. The company disclosed this development under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, as it meets the materiality thresholds.

Assessment Order Details

The assessment order was issued by the National Faceless Assessment Unit of the Income Tax Department and received by the company on March 24, 2026. The order pertains to various income tax disallowances for the assessment year in question.

Company's Response and Position

Jyoti Limited has expressed confidence in its position regarding the assessment. The company believes it has adequate factual and legal grounds to reasonably substantiate its stance in this matter. Management is taking appropriate steps to challenge the order through the proper legal channels.

The company plans to appeal against the assessment order before the appropriate authority. This approach indicates the management's belief that the disallowances made by the tax department may not be justified based on the company's records and compliance.

Financial Impact Assessment

Despite the significant demand amount, Jyoti Limited's management has stated that it does not foresee any material impact on the company's financial, operational, or other activities. This assessment suggests that the company is confident about the outcome of its planned appeal process.

The disclosure was made in compliance with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates companies to provide detailed information about material litigations and regulatory orders that meet specified thresholds.

Jyoti Limited has announced the successful closure of its Customs project registration under the Project Import Regulations, 1986, with all associated liabilities now extinguished. The company disclosed this development under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Customs Project Registration Closure

The Assistant Commissioner of Customs at Jawaharlal Nehru Customs House, Nhava Sheva, confirmed the closure of Jyoti Limited's project registration on March 10, 2026. The closure followed the company's submission of all required documents pertaining to the project under the Project Import Regulations, 1986.

Resolution of Show Cause Notice

The Customs Department had previously issued a Show Cause Notice under section 124 read with section 18 of the Customs Act, 1962, and Project Import Regulations, 1986. This matter was initially communicated to the stock exchange on October 15, 2025. With the project registration closure, all liabilities mentioned in the show cause notice have been extinguished.

Financial Impact Assessment

The company has clarified that there are no expected financial implications from this development. The closure of the project registration has resulted in the extinguishment of all liabilities that were referenced in the original show cause notice.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The company also referenced SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in its compliance framework for this announcement.

The resolution of this customs matter represents the successful completion of the project registration closure process, eliminating any potential financial liabilities that were associated with the previous show cause notice.