Navkar Corporation Limited has received an Assessment Order and Show Cause Notice from the Income Tax Department for Assessment Year 2024-25, as disclosed under Regulation 30 of SEBI Listing Regulations. The company informed the stock exchanges about this development on March 18, 2026.

Assessment Order Details

The Income Tax Department issued the Assessment Order under section 143(3) and Show Cause Notice (SCN) under section 274 read with section 270A of the Income Tax Act, 1961. The order was dated March 16, 2026 and received by the company on March 18, 2026 at 06:36 AM through email.

Financial Impact

The assessment order contains specific additions and penalty implications for the company:

• Addition Amount: Rs. 44,051 on account of interest income
• Penalty Notice: SCN received for imposing penalty on account of the addition made in the assessment order

Company's Assessment

Navkar Corporation Limited has evaluated the potential impact of this tax assessment on its operations. The company stated that it does not envisage any material impact on its financials, operations, or other activities due to this development.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information in compliance with SEBI circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

The notification was signed by Deepa Gehani, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

Navkar Corporation Limited has informed stock exchanges about receiving a GST order under Section 65 of the Goods & Service Tax Act, 2017 for the financial year 2022-23. The disclosure was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Order Details

The company received the GST order on February 27, 2026, at 17:46 IST from the Goods & Service Tax Department. The order contains a demand of Rs 41,216, which includes interest of Rs 15,976.

Company's Response

Navkar Corporation has already addressed the GST demand by paying the required amount during the audit proceedings. The company has clarified that this payment was made before receiving the formal order.

Financial Impact Assessment

According to the company's disclosure, there is no major impact on its financials, operations, or other activities due to this GST order. The relatively modest amount and the fact that payment has already been made suggest minimal disruption to the company's business operations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations. Company Secretary and Compliance Officer Deepa Gehani signed the disclosure document, ensuring proper regulatory compliance with the stock exchange requirements.