Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
3BBLACKBIO · price
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Awaiting price reaction for this filing.
The company received an order under Section 154 of the Income Tax Act, 1961, from the Joint Commissioner of Income Tax, Bhopal, dated April 29, 2025. The order was in response to a rectification application filed on January 2, 2025. A prior tax demand of Rs 4,45,61,980 (approx. Rs 4.46 crore) — related to Advance Tax and TDS credit of the transferor company following its amalgamation (approved by NCLT Indore Bench) — has been reduced to NIL. The company states there is no material financial or operational impact from this order.
Positive outcome for shareholders — a Rs 4.46 crore tax demand has been fully quashed, removing a potential cash outflow and any contingent liability concern from the books.