Notice of Demand dated October 16, 2026 under Recovery Certificate No 9305 of 2026 issued against Amesh Surajlal Jaiswal (AFZPJ0067Q), Arvind Shukla (ISZPS7481G) and Jalaj Agrawal (AUDPA0226H) Jointly and severally in the matter of Akash Infra Projects Limited

Akash Infra Projects Limited has received a formal notice of demand from tax authorities. This demand, issued under Recovery Certificate No 9305 of 2026, is directed against three directors of the company, Amesh Surajlal Jaiswal, Arvind Shukla, and Jalaj Agrawal. The notice is issued jointly and severally, meaning the tax department can seek payment from any one of them or all of them combined.

For investors, this development is a key point of caution. It signals a potential financial dispute or tax liability that may involve the company's leadership. While the notice targets the individuals, it raises questions about the company's governance and financial health. Investors should monitor the company's official communications for further details on the nature of the demand and any impact on operations.

Moving forward, the focus should be on the company's response to this notice. Investors should watch for updates regarding the resolution of this matter and any clarification on the financial implications for Akash Infra Projects Limited. This will be crucial in assessing the risk profile of the stock.