Please find enclosed disclosure under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.
CRISIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Crisil Limited has informed the stock exchanges about a TDS proceedings assessment order received from the Income Tax Authority on March 29, 2026, for the financial year 2019-20 (AY 2020-21). The order, passed under sections 201(1) and 201(1A) read with section 195, raises a demand for TDS on foreign payments of INR 27.24 Crores including interest. The demand follows previous years' orders on the same issue, which the company is already contesting before the CIT (Appeals). Crisil has stated there is no immediate impact on its financial, operational, or other activities and will be filing an appeal against this order as well.
While the INR 27.24 Crore TDS demand is notable in size, Crisil has clarified no immediate financial impact and is pursuing an appeal, so near-term business operations remain unaffected. Investors should monitor the appeal outcome, as an adverse final ruling could lead to a cash outflow.