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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Munjal Showa Ltd

Munjal Showa receives INR 37.35 Lakhs income tax penalty demand notice

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 13 Apr 2026, 04:33 PM IST  ·  BSE ID: 0c5979b0-1454-4264-8d4c-817865cf084b
View Original BSE Filing (PDF)
💡
In Simple Terms
The income tax department sent Munjal Showa a bill for INR 37.35 Lakhs, claiming the company incorrectly reported income or tax credits in 2015-16.
🤖 AI Summary
  • Income tax penalty demand of INR 37.35 Lakhs received 12-04-2026 for A.Y. 2015-16
  • Penalty issued under section 271(1)(c) for alleged inaccurate income particulars
  • Excess MAT credit of INR 37.35 Lakhs disallowed in assessment order under section 143(3)
  • Company stated intent to appeal to Commissioner of Income Tax Appeals on merits
🔢 Key Numbers — exact figures from BSE filing, not rounded
Penalty amount
INR 37.35 Lakhs
Assessment year
2015-16
Notice received date
12-04-2026
🏢 How This Affects the Company
💰
Financial Impact
Penalty of INR 37.35 Lakhs is recorded as a liability. Company's ability to offset this depends on appeal outcome; no immediate cash outflow confirmed.
⚠️
Risk Impact
Pending income tax appeal introduces contingent liability risk. Unfavorable appeal outcome would require cash payment of INR 37.35 Lakhs plus potential interest and penalties.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor company disclosures for appeal outcome filing within 6-9 months.
👤
Who Is Affected
All shareholders equally affected if penalty is ultimately paid; INR 37.35 Lakhs represents contingent liability against company equity and cash flows.
🔍
Management Signal
Company contests assessment and plans appeal, signaling confidence in compliance position. Underlying MAT credit disallowance suggests previous tax compliance scrutiny.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Income Tax appeal filing confirmation — verify Commissioner of Income Tax Appeals petition status within 90 days
Assessment closure announcement — track for final resolution or unfavorable appeal outcome disclosure
Contingent liability disclosure in annual report — confirm INR 37.35 Lakhs liability reflected in FY26 balance sheet
MEDIUM RISK INR 37.35 Lakhs contingent liability pending appeal outcome. MAT credit disallowance suggests tax compliance scrutiny history.
💡 Investor Takeaway
Munjal Showa faces INR 37.35 Lakhs income tax penalty for A.Y. 2015-16 related to excess MAT credit disallowance and alleged inaccurate income reporting. Company contests the demand and intends to appeal. Outcome remains uncertain.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Penalty of INR 37.35 Lakhs imposed for alleged inaccurate income reporting in A.Y. 2015-16
  • Appeal process required; outcome uncertain and may extend financial obligation timeline
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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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