Awfis Space Solutions Receives Show Cause Notice Regarding FY 2023-24 Discrepancies
Awfis Space Solutions Limited has received a Show Cause Notice (SCN) from the Commercial Tax Officer, Nungabakkam, Central-III, Chennai Central, Tamil Nadu. The notice concerns various discrepancies identified in the filed return statements for the Financial Year (FY) 2023-24.The Company received the notice on May 20, 2026.
In terms of expected financial implications, the Show Cause Notice has raised a total demand of INR 6,52,97,283. This total amount includes both interest and penalty components.
The breakdown of the financial demand raised is as follows:
| Component | Amount (INR) |
|---|---|
| Total Demand | 6,52,97,283 |
| Interest | 1,53,72,087 |
| Penalty | 46,29,562 |
Regarding the quantum of claims, the company notes that the demand figures are derived from the details provided in the Show Cause Notice.
Awfis Space Solutions Limited confirmed that the company is actively working on preparing and submitting a formal reply to the notice at the earliest. The Company intends to keep the stock exchanges informed of any further material developments related to this matter.
AWFIS Stock Price Movement
Shares of Awfis Space Solutions Limited are edging higher to ₹324.05 as of 2:27 PM today, gaining 3.28% in live trading. The equity has seen robust trading activity on 130,244 shares, maintaining a wide intraday range between ₹314.4 and ₹327.2.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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