Powerica Limited hosts analyst meet on July 3, 2026

0 min read     Updated on 30 Jun 2026, 04:47 AM
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Powerica Limited has announced a virtual group meeting for analysts and institutional investors scheduled for July 3, 2026, at 4:00 PM IST. The meeting, conducted under SEBI Listing Regulations, will discuss publicly available information and will not disclose any unpublished price sensitive information (UPSI). The schedule is subject to change based on exigencies.

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Powerica Limited has scheduled a virtual group meeting for analysts and institutional investors on July 3, 2026, at 4:00 PM IST. The interaction is intended to provide insights based on publicly available information, ensuring no unpublished price sensitive information (UPSI) is disclosed during the session.

The meeting will be conducted under the provisions of Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the schedule is subject to change due to exigencies on the part of the participants or the company.

Meeting Details

The key details of the meeting are outlined below:

Parameter: Details
Date: 03 July 2026
Time: 4:00 PM IST
Nature of Meeting: Group Meeting
Mode of Interaction: Virtual

Anita Renuse, Company Secretary & Compliance Officer, signed the intimation on June 29, 2026. The information regarding the meeting will also be available on the company's official website.

Historical Stock Returns for Powerica

1 Day5 Days1 Month6 Months1 Year5 Years
-0.10%-5.01%+17.63%+45.45%+45.45%+45.45%

What strategic updates or growth initiatives is Powerica likely to emphasize during the meeting?

How might the market react to the insights shared, given the restriction on disclosing unpublished price-sensitive information?

What are the potential implications of this meeting for investor sentiment and stock performance?

Powerica Ltd receives rectification order revising tax demand to Rs 31.13 Cr

1 min read     Updated on 30 Jun 2026, 02:32 AM
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Powerica Ltd received a rectification order from the Income Tax Department revising the tax demand to Rs 31.13 Cr for Assessment Year 2025-26 due to TDS set-off. The company stated the order is rectifiable and it is evaluating next steps, while confirming no material impact on financials.

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Powerica Ltd has received a rectification order from the Income Tax Department revising the tax demand to Rs 31.13 Cr for Assessment Year 2025-26. The order, dated June 29, 2026, was issued under Section 154 of the Income Tax Act, 1961. The company stated that the revised demand is on account of TDS set-off and noted that the order is rectifiable.

In a filing to the exchanges, Powerica Ltd disclosed that the communication was received from the Centralized Processing Center, Income Tax Department, Bengaluru. This development follows an earlier disclosure on May 27, 2026, regarding an intimation of tax demand amounting to Rs 30.27 Cr under Section 143(1) of the Act for the same assessment year. The company had previously filed a formal response with the authorities on June 17, 2026, regarding the initial demand.

The company clarified that there is no material impact on the financials, operations, or other activities of the company relating to the order passed for the said Assessment Year in the current financial year. No aberrations, non-compliances, penalties, or sanctions were identified in the communication.

Details of the Rectification Order

The following table outlines the key particulars of the regulatory communication received by the company:

Particulars Details
Name of the listed company Powerica Limited
Type of communication Rectification Order received on June 29, 2026 w.r.t. sec 154 of the Act for the Assessment Year 2025-26
Date of receipt June 29, 2026 at 01:25 PM
Authority Centralized Processing Center, Income Tax Department, Bengaluru
Brief summary Tax Demand of Rs 31.13 Cr under Sec 154 of the Act in respect of Assessment Year 2025-26. Revised Tax demand is received on account of TDS set-off
Period applicable Assessment Year 2025-26
Financial implications No material impact on the financials, operations, or other activities of the company
Action taken The Order is rectifiable and the company is reviewing the order and evaluating the next step. A rectification application was filed on June 17, 2026

The company confirmed that the information provided is in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for Powerica

1 Day5 Days1 Month6 Months1 Year5 Years
-0.10%-5.01%+17.63%+45.45%+45.45%+45.45%

What is the likelihood of Powerica Ltd successfully contesting the revised tax demand through further rectification?

Could the increase in tax demand from Rs 30.27 Cr to Rs 31.13 Cr signal a broader scrutiny of the company's TDS credits?

How might this tax dispute influence investor sentiment regarding Powerica's compliance and risk management?

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