Gravita India Responds to ₹41 Million Tax Demand—Assessing the Impact

Image Source: Gravita India

Gravita India Ltd. has received an income-tax demand order of ₹41 million, raising concerns over financial compliance and regulatory oversight. The notice, issued under Section 156 of the Income-Tax Act, 1961, follows an assessment order passed by the Income Tax Department’s Assessment Unit for the financial year 2022-23.

Key Highlights:

Tax Breakdown: The demand includes ₹30.01 million in tax liabilities and ₹11.48 million in interest, as per the assessment order dated March 25, 2025.
Regulatory Filing: Gravita India disclosed the development under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR).
Company’s Response: Gravita India maintains confidence in a favorable outcome at the Commissioner of Income Tax (Appeals) level, citing legal precedents and expert consultation.
Investor Impact: The tax demand raises concerns over financial stability, prompting investors to closely monitor the company’s next steps.

As Gravita India navigates this regulatory challenge, stakeholders will be keenly observing its legal strategy and financial resilience in the coming months.

Sources: Gravita India Ltd., MarketScreener.com.