SAGILITY LIMITED has informed the Exchange about rectification order received under section 143(3) read with 144C(3) and section 144B of Income Tax Act 1961

Regulatory & Legal View source PDF Explain this filing

SAGILITY · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.5%Reaction day

₹41.64

prior close

₹41.83

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.2%+1.4% vs market

IT Enabled Services peers, median of 72sector+0.6%+1.9% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 1.9 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.2

15m

+0.4

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+1.2+1.4+0.6+1.9

Next day

+1.3+1.2+0.1+1.3+0.0

-0.4+2.0-2.4+2.0-2.4

-0.7+1.8-2.5+0.7-1.4

+0.7+3.1-2.3+2.3-1.6

-0.1+3.3-3.3+2.8-2.9

-1.8+3.1-4.9+0.7-2.4

15d

-3.7+1.9-5.6-0.3-3.4

-4.4+7.5-11.9+1.1-5.5

-0.4+9.4-9.8-1.6+1.3

+2.1+10.7-8.6-4.1+6.1

UpDownMarket · Nifty Smallcap 250Sector · IT Enabled Services peers, median of 72Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Deputy Commissioner of Income Tax, Bengaluru issued a rectification order dated May 8, 2026, reducing the company's tax demand for AY 2023-24 from Rs. 100 crore to Rs. 56.68 crore (both including interest). The tax authority made transfer pricing adjustments of Rs. 189.50 crore in the returned income. The company believes the demand is not maintainable and has filed an appeal before the Commissioner of Income Tax (Appeals) on May 12, 2026. Sagility states the rectified assessment order has no material impact on its financials or operations.

Likely market impact

While the demand was reduced by approximately Rs. 43.32 crore, a tax liability of Rs. 56.68 crore remains outstanding. The company is contesting this through an appeal, so the financial impact remains contingent pending resolution.