Pyxis Finvest Limited has disclosed comprehensive updates on its ongoing tax litigation matters in a regulatory filing dated January 28, 2026. The disclosure, made under Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, provides detailed information about four pending tax disputes with the Income Tax Office.

Tax Litigation Overview

The company faces tax-related disputes totaling Rs.1,32,30,331 across multiple assessment years. The litigation matters span from Assessment Year 2011-12 to Assessment Year 2015-16, involving various penalty levies and disputed tax demands.

Current Appeal Status

Two significant matters have progressed to the Income Tax Appellate Tribunal (ITAT), Mumbai, following dismissal by the Commissioner of Appeal, NFAC. Appeals for both the penalty levy under section 271(1)(b) amounting to Rs.20,000 and the disputed tax demand of Rs.79,34,411 were filed on January 21, 2026.

The remaining two cases continue to be pending before the Commissioner of Appeal, NFAC. The penalty matter under section 271(1)(c) involving Rs.33,41,340 has an appeal dated May 27, 2025, while the older dispute from Assessment Year 2011-12 has been pending since January 2, 2019.

Financial Implications

The company has identified expected financial implications matching the quantum of claims for each dispute. The largest exposure relates to the disputed tax demand of Rs.79,34,411 for Assessment Year 2015-16, followed by the penalty levy of Rs.33,41,340 under section 271(1)(c) of the Income Tax Act.

Voluntary Disclosure Elements

Pyxis Finvest Limited has noted that two matters - the Rs.20,000 penalty and the Rs.34,580 tax demand - are not considered material but have been disclosed as additional voluntary disclosure, demonstrating the company's commitment to transparency in regulatory compliance.

The disclosure was signed by Company Secretary Yojana R. Pednekar and filed with BSE Limited under the company's scrip code 534109.