Godrej Agrovet Limited has informed the Exchange about Action(s) taken or orders passed
GODREJAGRO · price
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The Income Tax Department has issued a notice under Section 226(3) of the Income Tax Act, 1961, directing HDFC Bank to pay Rs. 41.36 lakhs on behalf of Godrej Agrovet. The amount relates to late payment interest, late filing levy, and interest under Section 220(2) of the Income Tax Act. The notice was received by the company on February 23, 2026. The company has stated there is no material impact on its financial operations or activities due to this demand. Godrej Agrovet is in the process of filing a correction statement with the Income Tax Authority to address the issue.
The tax demand of Rs. 41.36 lakhs is a very small amount relative to Godrej Agrovet's size and is unlikely to affect the stock price. The company has confirmed no material financial impact and is taking corrective action by filing a correction statement.