Keerthi Industries Limited has received an Income Tax Assessment Order from the Income Tax Department under Section 143(3) of the Income Tax Act, 1961 for Assessment Year 2024-25. The company disclosed this development to BSE Limited on March 14, 2026 under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Assessment Order Details

The Income Tax Assessment Order was dated March 12, 2026 and received by the company on March 13, 2026. The order represents a regular assessment conducted by the Income Tax Authority for the Assessment Year 2024-25.

Financial Implications

The assessment order disallows specific expenses and depreciation claims made by the company. The disallowed amounts include expenses of Rs. 18,16,085 and depreciation of Rs. 2,06,81,514 for the Assessment Year 2024-25.

Company's Response and Impact

Keerthi Industries has clarified that the assessment outcome does not have any financial impact on the company's operations or other activities. The company is preparing to file an appeal against the Assessment Order within the prescribed time limit as per Income Tax regulations.

The company has fulfilled its disclosure obligations by informing BSE Limited about this development through a formal communication signed by Company Secretary and Compliance Officer Anupama Iyer. The disclosure was made in compliance with SEBI Listing Regulations to ensure transparency with stakeholders and the investing public.

Keerthi Industries Limited has disclosed receiving a legal notice from its coal supplier regarding alleged dishonour of cheques worth Rs. 1,41,85,288. The company made this disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Legal Notice Details

The company received a legal notice dated 10th March, 2026 from J P Associates on 12th March, 2026. The notice pertains to alleged dishonour of cheques under Section 138 of the Negotiable Instruments Act, 1881.

Company's Response Strategy

Keerthi Industries has outlined its approach to resolve the matter. The company is initiating payments of the outstanding dues along with supply of cement to address the pending amounts. Management has indicated that discussions are underway with the vendor to withdraw the legal notice.

The company has stated that it will provide updates on this development in due course of time as the resolution process progresses.

Financial Impact Assessment

According to the company's disclosure, there is no material impact expected on the financial, operations or other activities of the company. The management has emphasized that discussions with the vendor are in progress for withdrawal of the notice.

Regulatory Compliance

The disclosure was made by Company Secretary and Compliance Officer Anupama Iyer on 13th March, 2026, in compliance with SEBI listing regulations. The company has provided complete details as required under Schedule III of the Listing Regulations, ensuring transparency with stakeholders regarding this legal development.