Info Edge (India) Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Info Edge has received an order from the Collector of Stamps, Government of NCT of Delhi imposing a penalty related to stamp duty on share issuances to its Employee Stock Option Plan Trust. The order dated May 11, 2026 relates to 200,000 equity shares issued on April 11, 2022 and 200,000 shares on December 2, 2022. The authority has determined a stamp duty liability of Rs 17.84 lakh along with a penalty of Rs 50 lakh, totaling approximately Rs 67.84 lakh. The company claims it had already paid stamp duty through depository mechanisms (NSDL/CDSL) at applicable rates. The dispute involves interpretation of stamp duty provisions under the Indian Stamp Act, 1899 for NCT of Delhi. Info Edge states it does not expect material financial impact and is evaluating legal remedies against the order.
The penalty amount of Rs 67.84 lakh is relatively small for Info Edge and management has stated no material impact on financials is expected. However, this represents a regulatory risk if the interpretation of stamp duty rules is upheld, and the company may face similar disputes in other jurisdictions.