CG Power gets stay on ₹365 Cr tax demand, to pay 20% in installments
CG Power received a stay on a ₹365.37 crore tax demand for AY 2018-19. The company must pay 20% of the demand in installments, with the balance stayed pending appeal. The stay was granted on January 29, 2026.
The stay on the tax demand provides temporary relief and prevents immediate cash outflow. However, the requirement to pay a portion of the demand and the ongoing litigation still pose a financial risk and could impact future financials depending on the appeal's outcome.
The company received a stay on a significant tax demand, which is a positive development in the short term. However, the obligation to pay 20% of the demand and the pendency of the appeal mean the final outcome is still uncertain, leading to a neutral sentiment.
CG Power and Industrial Solutions Limited has received a stay of tax demand order on January 29, 2026, from the Income Tax Department. This stay is related to a tax demand of ₹365,37,21,581 raised for the Assessment Year 2018-19, following a final assessment order received on November 19, 2025. The company will be required to pay 20% of the disputed tax demand in five installments of ₹9,00,00,000 each, with the balance amount of the 20% payable in the sixth installment, after any applicable refunds are adjusted. The company had previously filed an appeal before the Income Tax Appellate Tribunal (ITAT) on January 16, 2026, challenging the additions and disallowances made in the assessment order. A stay application was moved before the Assessing Officer on December 1, 2025, and was accepted on January 28, 2026, with the remaining demand stayed until the disposal of the appeal pending before the ITAT.
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CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by CG Power and Industrial Solutions Limited. Read the original for the full detail.