Prakash Steelage Limited has informed stock exchanges about receiving an income tax assessment order with a demand of Rs. 49.29 crore for Assessment Year 2024-25. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Assessment Order Details

The Income Tax Department's Faceless Assessment Unit issued the assessment order under Section 143(3) read with 144B of the Income Tax Act, 1961, followed by a tax demand order under Section 156. The assessment pertains to scrutiny for AY 2024-25 covering Financial Year 2023-24.

Nature of Disallowances

The tax demand of Rs. 49.29 crore stems from disallowances of certain expenditure and deductions claimed under various provisions of the Income Tax Act. The assessment order includes:

• Disallowed amounts from claimed expenditure and deductions
• Reversal of provisions previously made by the company
• Applicable interest on the disallowed amounts
• Erroneous tax payable components

Company's Response Strategy

Prakash Steelage Limited has outlined its approach to contest the assessment order. The company is preparing to file an appeal before Higher Appellate Forums within the prescribed timelines, based on consultations with its Chartered Accountant and tax consultants.

Financial Impact Assessment

Despite the substantial demand amount of Rs. 49.29 crore, the company maintains that it does not expect any impact on its financial operations or other activities. The management believes it has adequate factual and legal grounds to reasonably substantiate its position in the matter.

The company expects complete deduction of its claim through reversal of provisions and deletion of the entire demand raised by the tax authorities. This confidence stems from the company's assessment of having strong grounds to challenge the disallowances made in the assessment order.

Regulatory Compliance

The disclosure has been made in compliance with Para A (20) of Part A of Schedule III to the SEBI LODR regulations. The information has also been uploaded on the company's website at www.prakashsteelage.com , ensuring transparency with all stakeholders regarding this significant tax matter.

Prakash Steelage Limited has announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating strong revenue growth amid challenging market conditions. The Mumbai-based company submitted newspaper cuttings of its Q3 FY26 results to stock exchanges on February 14, 2026, in compliance with Regulation 47 of SEBI (LODR) Regulations, 2015.

Quarterly Financial Performance

The company delivered impressive top-line growth during the third quarter of FY26, with total income from operations rising significantly compared to the previous year.

The quarter-on-quarter comparison shows sequential improvement, with total income increasing from ₹2,510.91 lakhs in Q2 FY26 to ₹2,446.51 lakhs in Q3 FY26. Net profit after tax also improved from ₹8.72 lakhs in the previous quarter to ₹33.46 lakhs in Q3 FY26.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Prakash Steelage maintained its growth trajectory across key financial metrics.

Earnings Per Share and Capital Structure

The company's earnings per share performance reflects the mixed financial results during the reporting period. With a paid-up equity share capital of ₹1,750.00 lakhs, consisting of shares with a face value of Re. 1 each, the earnings metrics show:

• Q3 FY26 EPS: ₹0.02 (both basic and diluted)
• Q3 FY25 EPS: ₹0.04 (both basic and diluted)
• 9M FY26 EPS: ₹0.05 (both basic and diluted)
• 9M FY25 EPS: ₹0.06 (both basic and diluted)

Regulatory Compliance and Governance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The results underwent review by the audit committee and received approval from the Board of Directors at their meeting held on February 13, 2026. The statutory auditors of the company conducted a limited review of these results.

The company published its results in "Business Standard" (English) and "Pratahkal" (Marathi) newspapers on February 13, 2026, fulfilling its regulatory obligations. Complete financial results are available on the company's website ( www.prakashsteelage.com ) and stock exchange websites ( www.nseindia.com and www.bseindia.com ).