Mold-Tek Technologies Receives Income Tax Demand Notice of Rs. 30.40 Lakh for AY 2024-25

1 min read Updated on 18 Mar 2026, 06:26 PM

Reviewed by

Radhika SScanX News Team

Overview

Mold-Tek Technologies Limited disclosed receiving an income tax demand notice of Rs. 30,40,440 for Assessment Year 2024-25 under Section 156 of the Income Tax Act. The notice was received on March 18, 2026, but the company maintains there are no violations of tax provisions and expects no financial impact. The company is preparing its response to authorities within the prescribed timeframe.

*this image is generated using AI for illustrative purposes only.

Mold-Tek Technologies Limited has informed stock exchanges about receiving an income tax demand notice of Rs. 30,40,440 for Assessment Year 2024-25. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Demand Notice Details

The company received the demand notice on March 18, 2026, from the Income Tax Department, Ministry of Finance, Government of India. The notice was issued under Section 156 of the Income Tax Act, 1961, relating to an order under Section 143(3) of the Income Tax Act.

Parameter	Details
Demand Amount	Rs. 30,40,440
Assessment Year	2024-25
Notice Date	March 18, 2026
Legal Section	Section 156 of Income Tax Act, 1961
Authority	Income Tax Department, Ministry of Finance

Company's Position

Mold-Tek Technologies has clarified its stance regarding the tax demand notice. The company stated that there are no violations or contraventions of any provisions of the Income Tax Act, 1961. This indicates that the company disputes the basis for the demand notice.

Financial Impact Assessment

The company has assessed that the order will have no financial impact on its operations. Management emphasized that the order remains open for further submissions to the relevant authorities. The company is currently preparing its response to the tax authorities within the stipulated timeframe.

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The communication was signed by J Lakshmana Rao, Chairman & Managing Director, and submitted to both BSE Limited and National Stock Exchange of India Limited.

Next Steps

The company indicated that it is actively working on responding to the Income Tax Department's notice. Given that the order is described as open for further submissions, Mold-Tek Technologies appears to be pursuing available legal remedies and representations before the tax authorities.

Historical Stock Returns for Mold-Tek Technologies

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.34%	-6.83%	-11.56%	-26.54%	+5.21%	+197.53%

Mold-Tek Technologies

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Mold-Tek Technologies Board Approves Rs 4.76 Crore Preferential Equity Issue

1 min read Updated on 28 Feb 2026, 01:21 PM

Reviewed by

Jubin VScanX News Team

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Overview

Mold-Tek Technologies board has approved a preferential equity issue worth Rs 4.76 crore, involving 2,90,000 shares at Rs 164 per share to non-promoter investor Richard Leon Cannyn. The company will hold an EGM on March 30, 2026, for shareholder approval, with the issue conducted under SEBI regulations and proper scrutinizer appointment for the voting process.

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Mold-Tek Technologies board has approved a preferential equity issue worth Rs 4.76 crore following its board meeting held on February 28, 2026. The meeting, which commenced at 09:30 AM and concluded at 12:40 PM, resulted in significant decisions regarding equity capital expansion and shareholder engagement.

Preferential Issue Details

The board approved the issuance of up to 2,90,000 equity shares with comprehensive terms and pricing structure:

Parameter:	Details
Face Value:	Rs 2.00 per share
Issue Price:	Rs 164.00 per share
Premium:	Rs 162.00 per share
Total Amount:	Rs 4,75,60,000
Allottee:	Richard Leon Cannyn (Non-Promoter)
Relevant Date:	February 27, 2026

Shareholding Impact

The preferential allotment will result in specific ownership changes for the identified investor:

Shareholding Status:	Pre-Issue	Post-Issue
Richard Leon Cannyn Shares:	Nil	2,90,000
Ownership Percentage:	0.00%	0.997%
Investment Category:	-	Non-Promoter

Extraordinary General Meeting

Mold-Tek Technologies will convene an Extraordinary General Meeting on March 30, 2026, at 11:30 AM IST through video conference and other audio-visual means. The EGM will seek shareholder approval for the preferential equity issue in accordance with regulatory requirements.

Regulatory Compliance and Scrutinizer

The equity issuance will be conducted under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board has appointed Mr. Ashish Kumar Gaggal (M. No. F6687 and CP No. 7321), Company Secretary in Practice, as the scrutinizer for the entire e-voting process, including both remote e-voting and e-voting during the EGM.

Corporate Governance

The board meeting outcome was communicated to stock exchanges in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was signed by J. Lakshmana Rao, Chairman & Managing Director (DIN: 00649702), ensuring comprehensive regulatory compliance and market transparency.

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