Please find enclosed disclosure regarding the assessment order received by the Company.
CRISIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Limited has received an assessment order from the Income Tax Authority dated April 21, 2026, for the financial year 2022-23 (Assessment Year 2023-24). The assessing officer has proposed certain disallowances under Section 143(3) read with Section 144B of the Income-tax Act. The order raises a tax plus interest demand of INR 148.99 crores. The company has stated there is no immediate impact on its financial, operational or other activities. CRISIL intends to file an appeal against the assessment order.
The INR 148.99 crore tax demand is material but not immediately payable as the company plans to appeal. While the litigation could result in additional costs if the appeal fails, the company has indicated no immediate financial impact. The stock is unlikely to see major movement based solely on this disclosure.