Company has received an IT Demand Notice
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Indrayani Biotech Ltd has informed the stock exchanges that it has received a demand notice from the Income Tax (IT) department. No details on the demand amount, the assessment year, or the tax authorities involved are available from the filing excerpt. The full BSE filing page could not be accessed, so the specific quantum and nature of the demand remain undisclosed. The company has not yet indicated whether it intends to contest the notice or pay the demanded amount.
An IT demand notice is a routine but potentially material event — its impact on shareholders depends entirely on the size of the demand relative to the company's profits and reserves, and whether the company plans to appeal. Until more details emerge, investors should watch for a follow-up filing disclosing the amount and the company's response.