Oracle Financial Services Software Ltd has announced the closure of its trading window for dealing in equity shares. The restriction is effective from October 1, 2026, and will remain in place until the company declares its financial results.

Trading window closure details

The trading window for the company's equity shares will remain closed starting Thursday, October 1, 2026. This measure is implemented in accordance with the Code of Conduct to Regulate, Monitor and Report Trading adopted by the company. The window is scheduled to open 48 hours after the official declaration of financial results for the quarter and half year ending September 30, 2026.

Compliance and reporting

This intimation was submitted to both the National Stock Exchange of India Limited and BSE Ltd. The company stated that this notice will also be published on its official website for investor reference. The communication was signed by Onkarnath Banerjee, Company Secretary & Compliance Officer, on September 30, 2026.

Oracle Financial Services Software Limited received a new penalty order from the Income Tax Department totaling ₹2.93 crore for assessment year 2010-11. This latest disclosure adds to previous penalties, bringing the total liability across three assessment years to ₹12.23 crore.

The penalty was imposed under section 271(1)(c) of the Income-tax Act, 1961, by the National Faceless Penalty Centre. The order relates to alleged furnishing of inaccurate particulars of income. The company received the communication on September 29, 2026, and disclosed the matter to stock exchanges on the same day.

Penalty details by assessment year

The total liability now comprises three distinct penalties spanning different fiscal periods nearly two decades ago.

Company response and outlook

Oracle Financial Services Software stated that it believes the penalty orders are not sustainable. The company is taking necessary steps to appeal against the orders before the appropriate authority. Management expressed hope for a favourable outcome at the appellate level.

The company explained that delays in disclosure were due to the time required to review the orders, verify relevant details, and determine the appropriate course of action. OFSS maintains that there will be no impact on its financials, operations, or other activities due to these orders.