5paisa Capital Plans Appeal Against ₹0.75 Crore Tax Order

5paisa Capital Limited has received an order from the Income Tax Department imposing a demand of ₹75.11 lakh (₹0.75 crore) concerning the disallowance of certain expenses. The company announced on April 1, 2026, that it received the order dated March 30, 2026. Management plans to file an appeal against this demand within the stipulated timelines.

5paisa Capital stated that it expects no material impact on its financial or operational activities from this order at this stage. While the ₹0.75 crore demand is not substantial for a listed company, it points to ongoing tax scrutiny.

This follows a March 2024 Income Tax demand of ₹3.23 crore for disallowed expenses, and a March 2026 GST order of ₹9.98 lakh for FY 2019-20 concerning input tax credit issues, both of which 5paisa Capital also intended to appeal.

The company is initiating the formal appeal process, indicating management's confidence in their tax positions. Operational focus remains on core business activities with no expected immediate disruption. However, potential risks include the time and resources required for the appeal, and the pattern of recurring tax demands, which could affect investor sentiment.

Peers like Angel One and SMC Global Securities operate in the same financial services domain, but recent public disclosures did not show comparable tax demands. The current situation appears to be an internal matter for 5paisa Capital.

Investors will be watching the company's progress in filing the appeal, any further communications from the Income Tax Department, and management's commentary on tax matters in future earnings calls.