Piotex Industries Ltd — Important, 17-12-2025: Company Update

Piotex Industries has received an income tax demand order for Rs. 5.06 Crore for Assessment Year 2024-25. The demand includes additions related to Section 41(1) and disallowance for delayed payments to MSME creditors. The company believes this demand is factually incorrect and not legally sound, planning to file a rectification application and an appeal with tax authorities. Piotex expects no material financial or operational impact from this order, signaling confidence in challenging the assessment.