Kaushalya Infrastructure Development Corporation Limited (KAUSHALYA) — Announcement

📢 Key Event
Kaushalya Infrastructure received income tax demand notices totaling ₹5.46 crores for seven assessment years.

🔄 What Changed
Multiple assessment orders for 7 years received on 24-25 March 2026; company contests deemed income treatment by tax authorities

🔮 What's Next
Company will pursue appellate process under due process of law before relevant appellate authorities

💡 Investor Takeaway
While the company contests the ₹5.46 crore tax demand and believes it has strong grounds for appeal, shareholders face contingent litigation risk until final appellate resolution.

⚠️ Risks
Contingent tax liability of ₹5.46 crores; multi-year assessment order spanning seven years presents sustained litigation risk

Kaushalya Infrastructure received income tax assessment orders and demand notices from the Deputy Commissioner of Income Tax (Central Circle-15, New Delhi) for assessment years 2017-18 through 2023-24, dated 18 March 2026. The total tax demand aggregates to ₹5.46 crores. The Income Tax Department treated certain amounts as deemed income. The company disputes the orders and plans to challenge them before appellate authorities, asserting no significant adverse impact on financial position or operations.

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