Please find enclosed the disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PB Fintech's wholly-owned subsidiary Paisabazaar Marketing and Consulting Private Limited has received an order from the Commissioner of Income Tax (Appeal), Delhi-23 dated April 30, 2026. The order confirms tax disallowances totaling ₹145.91 crores — ₹85.60 crores for FY 2022-23 and ₹60.31 crores for FY 2021-22 — under Section 37 of the Income Tax Act, 1961. The disallowances were originally made by the Assessing Officer. Paisabazaar stated the orders are appealable and it will file appeals. However, the CIT(A) also noted that the company's claim for set-off of brought-forward losses appears prima facie correct and directed verification. The company claims no immediate financial impact since the matter is under appeal.
While the company claims no immediate financial impact, a potential tax liability of ₹145.91 crores is material and could affect cash flows if appeals are unsuccessful. The favorable observation on brought-forward loss set-off is a positive element in the order.