PFA Disclosure u/r 30 of SEBI (LODR) Regulations read with SEBI circulars w.r.t. receipt of Rectification Order dated May 26, 2026 from Income Tax Department
BLBLIMITED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BLB Ltd has received a rectification order under Section 154 of the Income Tax Act, 1961, dated May 26, 2026. The Income Tax Department had earlier made an error by adding income of Rs. 197.48 Lacs twice under Schedule BP, resulting in an incorrect tax demand. The Company filed a rectification application, and the tax demand has now been rectified to Nil for Assessment Year 2025-26. The returned income submitted by the Company has been accepted by the Income Tax Department, and the matter stands closed. The impact on financial or operational activities is Nil.
Positive development for shareholders — the erroneous tax demand has been fully rectified to zero, removing any financial liability that had been raised earlier. The matter is now closed with no penalty or restriction imposed.