Please find enclosed intimation under Regulation 30 of SEBI LODR.
CRISIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Crisil Limited has informed stock exchanges that it received a re-assessment order from the Income Tax Authority on March 23, 2026, related to its merged subsidiaries for FY 2016-17. The Income Tax Assessing Officer accepted that there was no escapement of income and issued a clean order on the income offered to tax, but subsequently raised an incorrect demand of INR 121.20 Crores by making unwarranted additions and not allowing credit for taxes already paid. The company states there is no immediate impact on its financial, operational, or other activities. Crisil plans to file a rectification application followed by an appeal against the order.
While the INR 121.20 Crores demand is sizeable, the company is contesting it as erroneous, which may limit long-term damage. Near-term, the stock could see mild negative sentiment due to the tax dispute overhang, but business fundamentals remain unaffected as per the company's disclosure.