Assessment order received from Income Tax department under section 147 of Income Tax Act, 1961
As filed · Bansal Wire Industries Limited has informed the Exchange regarding assessment order received from Income Tax department under section 147 of Income Tax Act, 1961
What happened
FactBansal Wire Industries Limited has informed the Exchange regarding assessment order received from Income Tax department under section 147 of Income Tax Act, 1961. Phiroze Jeej eebhoy Towers, Dalal. Assessment Order under Section 147 read with Section 144 and 1448 and Demand Notice under Section 156.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
Withdrawnwe want to take this to 60% because that is the business which gives me the best ROC.
Therefore, the 20% number growth thought process still remains.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
- On INR 2 lakh tonnes, we will be able to maintain about INR 600 crore-INR 800 crore of EBITDA on an investment (management committed by FY27)
- We are looking to go to 25% ROCE in current business also in a very short while. (management committed by H1 FY27)
Evidence
- Bansal Wire Industries Limited has informed the Exchange regarding assessment order received from Income Tax department under section 147 of Income Tax Act, 1961(opens the original filing in a new tab)
- Earlier statement · Q2 FY26
- Latest statement · FY26
- Earlier statement · FY27
How CapitSignal classified this
- Reasoning:
- TAX_DEMAND base 62; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%