Vidya Wires Ltd Receives Assessment Order for Block Period spanning 2018 to 2025
Vidya Wires Limited announced that it has received an assessment order from the Income Tax Department regarding its financial activities for the period spanning April 2018 to April 2025.The assessment order was received by the company on May 31, 2026, from the Office of the Deputy Commissioner of Income Tax, Central Circle-3, Vadodara.
The communication details the tax demand raised under Section 158BC(1)(c) read with Section 143(3) of the Income Tax Act. The demand arises due to the addition and disallowance of certain expenditures under various sections of the Act.
According to the details provided by the company, the total income tax demand for the block period from 01.04.2018 to 23.04.2025 amounts to X 24,72,60,254/-.
The company stated that it intends to file an appeal against the assessment order. Furthermore, Vidya Wires Limited indicated that it does not expect any material impact on its financials, operations, or other activities due to this order.
The key details of the assessment and the company's position are summarized below:
| Detail | Description |
|---|---|
| Authority | Office of the Deputy Commissioner of Income Tax, Central Circle-3, Vadodara |
| Communication Type | Assessment Order u/s 158BC(1)(c) read with Section 143(3) of the IT Act |
| Block Period | 01.04.2018 to 23.04.2025 |
| Date of Receipt | May 31, 2026 |
| Tax Demand | X 24,72,60,254/- |
| Basis of Demand | Addition and disallowance of certain expenditures |
| Company Action | Intends to file an appeal against the Order |
| Expected Impact | No material impact expected on financials or operations |
VIDYAWIRES Stock Price Movement
Today, Vidya Wires Limited shares rallied, settling at ₹114.00 after gaining 5.00% in post-market trading. This strong upward move was backed by substantial investor interest, with the stock completing the day on a total volume of 5.85 million shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.