Powerica Ltd received a Show Cause Notice under Section 270A of the Income Tax Act, 1961 for the Assessment Year 2021-22 on July 15, 2026. The company stated that the notice, downloaded from the Income Tax portal, does not have a material impact on its financials, operations, or activities for the current financial year. The communication follows a formal request submitted by the company for the rectification of an Assessment Order dated March 26, 2026, issued under Section 147 read with Section 144B of the Income Tax Act.

The company disclosed that the penalty notice appears to be a follow-up to the proceedings related to the Assessment Year 2021-22. Powerica has noted that the notice is rectifiable and is currently reviewing the order to evaluate the next steps. No aberrations, non-compliances, or specific penalties were identified in the communication received from the Income Tax Department.

Key Details of the Communication

The company confirmed that the details provided are in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to the stock exchanges pursuant to an Industry Standards note issued via SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025.

Kabir and Kimaya Family Private Trust has confirmed that it did not create any encumbrance, directly or indirectly, on the shares held in Powerica Ltd during the Financial Year 2025-2026. The disclosure, submitted on April 08, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing ensures transparency regarding the holding status of the promoter group during the specified financial period.

Regulatory Compliance

The declaration was addressed to the listing departments of BSE Limited and National Stock Exchange of India Limited, as well as the Audit Committee and Company Secretary of Powerica Ltd. The submission confirms that the Trust, along with persons acting in concert, has maintained a clean title over the shares throughout FY 2025-2026. Warmond Fiduciary Services Limited acted as the trustee for the Kabir and Kimaya Family Private Trust in making this statutory disclosure.

Key Details of Disclosure