Jyothy Labs Limited has informed the Exchange about General Updates
JYOTHYLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On March 30, 2026, Jyothy Labs received an income tax assessment order for Assessment Year 2024-25 under Section 143(3) raising a demand of Rs. 110.64 crore, including interest of Rs. 21.84 crore. On the very same day, the Income Tax Department issued a rectification order under Section 154, which fully nullified the demand after fixing computational errors and granting credit for taxes already paid. The issues were mostly procedural errors and recurring matters on which the company has previously won appeals at the Income Tax Appellate Tribunal and the Commissioner of Income Tax (Appeals). The company plans to file an appeal only on the recurring issues. Management has stated there is no material impact on financials, operations, or other activities.
This is a non-event for shareholders — the initial tax demand of Rs. 110.64 crore has already been fully cancelled, leaving no financial hit. The lingering appeal relates to recurring issues where the company has a favourable track record, so the risk to the stock is minimal.