PhysicsWallah Limited has issued an official clarification to stock exchanges regarding recent media reports about its potential acquisition of a stake in test-preparation platform "Rojgar With Ankit." The company filed the clarification under Regulation 30 of SEBI regulations following inquiries from both NSE and BSE.

Regulatory Filing Details

The company responded to specific queries from stock exchanges regarding a news report published on Business Standard on April 14, 2026, titled "PhysicsWallah set to acquire stake in test-prep platform Rojgar With Ankit." The formal clarification was signed by Ajinkya Jain, Group General Counsel, Company Secretary & Compliance Officer.

Company's Official Position

PhysicsWallah confirmed that it continuously evaluates various strategic opportunities to enhance stakeholder value and drive organizational growth. The company acknowledged maintaining discussions with relevant parties from time to time, including the one referenced in the acquisition reports. However, the edtech company emphasized that no material events requiring disclosure under Regulation 30 have occurred as of the filing date.

Compliance and Market Movement

The company stated it remains fully compliant with disclosure obligations and will promptly inform stock exchanges of any material developments when required. PhysicsWallah noted that it had already disseminated an update titled "Update on Receipt of Order" on the previous day at 7:37 PM and believes recent share price movements are purely market driven.

Strategic Context

The clarification reflects PhysicsWallah's approach to strategic opportunities in the competitive edtech market. While the company maintains ongoing discussions with various parties, including those mentioned in recent reports, it emphasizes transparency in regulatory compliance and timely disclosure of material developments. The formal response demonstrates the company's commitment to maintaining proper communication with regulatory authorities and market participants.

Physicswallah Limited has achieved a substantial reduction in its income tax demand following the receipt of a rectification order under the Income Tax Act. The edtech company successfully reduced its tax liability by Rs. 70.58 crore through a rectification application filed with tax authorities.

Tax Demand Reduction Details

The company received a rectification order on April 13, 2026, under Section 154 read with Section 143(3) of the Income Tax Act, 1961. This order significantly reduced the tax demand from the originally assessed amount.

Background and Timeline

This development follows the company's earlier intimation dated March 18, 2026, where it had informed about receiving an assessment order and demand notice under Section 143(3) of the Income Tax Act involving the original tax demand of Rs. 263.34 crore. Subsequently, Physicswallah filed a rectification application under Section 154 of the Income Tax Act seeking revision of the tax demand.

Company's Response and Next Steps

Following the receipt of the rectification order, Physicswallah has filed an appeal against the revised order before the appropriate appellate authority. The company has approached the Commissioner (Appeals) to contest the remaining tax demand of Rs. 192.76 crore.

Financial Impact Assessment

According to the company's disclosure under Regulation 30 of SEBI Listing Regulations, this rectification order will not have any material impact on Physicswallah's financial position, operations, or business activities. The company maintains confidence in its legal position regarding the remaining tax demand and expects to contest it effectively through the appellate process.

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 has also hosted this disclosure on its investor relations website to ensure transparency with stakeholders and regulatory compliance.