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Arrow Greentech Limited — Legal Proceedings Report 2026
Mar 17, 2026
61698_rns_2026-03-17_1932d1d8-a82c-4419-a8ab-9190d634208b.pdf
Legal Proceedings Report
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ARROW GREENTECH LTD
March 17, 2026
To Manager (CRD) Manager (CRD) BSE Ltd. (BSE) National Stock Exchange of India Ltd. (NSE ) P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex Mumbai 400 001 Bandra (E), Mumbai - 400051
Ref: Script Code- 516064 Script Code- ARROWGREEN
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’)
Dear Sir/Madam,
Pursuant to the provisions of Regulation 30 and other applicable provisions of the SEBI LODR, it is hereby informed that the Assessment unit of Income Tax Department has issued a letter of demand for the assessment year 201718 against penalty order under section 270(A) of the Income tax Act,1961 against the company.
The details, as required under Para A (20) of Part A of Schedule III to the SEBI LODR, are as follows:
| Particulars | Details |
|---|---|
| Name of the authority | Income Tax Department |
| Nature and details of the action(s)taken, initiated or order(s) passed | The company has received a demand order for payment of penaltyof Rs. 1.80 crores from the Assessment unit, Income TaxDepartment, in pursuant to penalty order under section 270(A) of theIncome tax Act,1961 for A.Y. 2017-18. |
| Date of receipt of direction or order,including any ad-interim or interimorders, or any other communicationfrom the authority | 16thMarch 2026 |
| Details of the violation(s)/contravention(s) committed or allegedto be committed | Penalty order under section 270(A) on account of dismissal of appealunder section 250 with Commissioner CIT (A) against disallowancesof certain expenditure/deductions claimed under various provisionsof the Income Tax Act |
| Impact on financial, operation or otheractivities of the listed entity, quantifiablein monetary terms to the extentpossible | There is no material impact on the financials, operations and/ or otheractivities of the Company due to the Demand Notice. The companywill file the appeal against this penalty order within stipulated period.Also, Company has already filed an appeal with the Honorable ITATagainst the order of CIT (A) and also submitted a letter to theCommissioner of Income Tax to hold the recovery until the outcomeof the ITAT proceedings. |
ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Registered Office: 1/F Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, Phone: +91 22-4974 3758 , Email : [email protected] Website: www.arrowgreentech com
Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646-224743/224744 E-mail : [email protected]
ARROW GREENTECH LTD
You are requested to kindly take the same on record. Thanking you,
Yours faithfully,
For Arrow Greentech Limited
POONAM Digitally signed by POONAM BANSAL BANSAL Date: 2026.03.17 21:32:53 +05'30' Poonam Bansal Company Secretary
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ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Registered Office: 1/F Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, Phone: +91 22-4974 3758 , Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646-224743/224744 E-mail : [email protected]