CARRARO: Carraro India Limited has informed the Exchange about Final Assessment Order and Notice of Demand received from Income Tax Department.

Carraro India Limited has received a Final Assessment Order and Notice of Demand dated 08th April, 2026 from the Income Tax Department's faceless assessment unit. The order concerns tax adjustments including Rs. 61.73 crore related to a Transfer Pricing Assessment Order and Rs. 52.61 lakh in corporate tax adjustments. A tax demand of Rs. 21.83 crore has been raised. Importantly, the final demand amount has been SETTLED DOWNWARDS from the earlier Show-Cause Notice proposals. The company plans to file an appeal with the Commissioner of Income-tax (Appeals) to contest these adjustments and expects favorable relief.