BLB Limited has informed the Exchange about receipt of Intimation Order dated May 15, 2026 under Section 143(1) of Income Tax Act, from the Income tax Department for the A.Y. 2025-26
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BLB Limited received an intimation order dated May 15, 2026 from the Income Tax Department for Assessment Year 2025-26. The Department made income adjustments totaling Rs. 197.48 Lacs, resulting in a tax demand. The Company states this is a processing error where the same income was added twice under 'Schedule BP - Business and Profession', leading to an incorrect tax demand. The Company confirms there is no material impact on its financials or operations and will file an application for rectification under Section 154 of the Income Tax Act to correct this apparent mistake.
The tax demand appears significant at Rs. 197.48 Lacs, but the Company classifies it as an IT Department error rather than a compliance violation. No penalty or restriction was imposed, and the Company is seeking rectification, which limits downside risk for shareholders.