News Stocks Expleo Solutions Limited Receives Rs 2.55 Crore Income Tax Demand for Assessment Year 2013-14Expleo Solutions Limited Receives Rs 2.55 Crore Income Tax Demand for Assessment Year 2013-14
Expleo Solutions Limited has disclosed receiving an income tax demand of Rs 2.55 crore from Chennai IT authorities for Assessment Year 2013-14, arising from disallowance of MAT credit utilization worth Rs 83 lakh. The company received the order on January 27, 2026, and has stated no material impact on its operations or financials.
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Expleo Solutions Limited has informed stock exchanges about receiving a significant income tax demand of Rs 2.55 crore from tax authorities for Assessment Year 2013-14. The disclosure was made under Regulation 30 of SEBI Listing Regulations on January 27, 2026.
Income Tax Demand Details
The demand has been raised by the Assistant Commissioner of Income Tax, Corporate Circle 1(1), Chennai, specifically related to the disallowance of Minimum Alternate Tax (MAT) credit utilization. The core issue involves MAT credit worth Rs 83 lakh that was utilized by the company for Assessment Year 2013-14.
| Parameter | Details |
|---|---|
| Demanding Authority | Assistant Commissioner of Income Tax, 1(1), Chennai |
| Assessment Year | 2013-14 |
| Total Demand Amount | Rs 2,55,42,956 |
| MAT Credit Disallowed | Rs 83,00,000 |
| Order Date | January 14, 2026 |
| Receipt Date | January 27, 2026 |
Regulatory Compliance and Timeline
The income tax order was issued under Section 115JAA and dated January 14, 2026. The company received this order through an intimation letter dated January 23, 2026, which was actually received on January 27, 2026. Following regulatory requirements, Expleo Solutions promptly disclosed this information to both BSE and NSE on the same day.
Company's Assessment of Impact
Expleo Solutions has stated in its disclosure that there is no material impact on the company's financials, operations, or other activities due to this income tax demand. The company has provided this assessment as part of its mandatory disclosure requirements under SEBI regulations.
Regulatory Framework
The disclosure was made pursuant to Regulation 30 read with Clause 20 of Para A of Schedule III of SEBI Listing Regulations. The company has also complied with specific SEBI circulars issued in 2023 and 2024 regarding such disclosures, ensuring complete transparency with stakeholders about regulatory actions affecting the company.
Historical Stock Returns for Expleo Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.30% | -6.72% | -12.27% | -27.97% | -30.29% | +90.13% |
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