Announcement under Regulation 30 of SEBI (LODR)Regulations, 2015.

Sangal Papers Ltd informed the stock exchange about an Income Tax appellate order dated 28 January 2026 from the office of the Addl/JCIT (Appeals)-5, Delhi. The order was passed under Section 250 of the Income Tax Act, 1961, on an appeal filed against an earlier CPC intimation dated 22 January 2025. The original demand of Rs. 14.74 lakh arose from a disallowance of Rs. 46.33 lakh of bonus expense under Section 43B for Assessment Year 2024-25. The company argued that the bonus, though unpaid as of the audit date, was actually paid before the return filing due date, making it allowable as a deduction. The appellate authority accepted this argument and allowed the appeal, directing the Assessing Officer to verify the payment and grant the deduction. The company described the impact as positive since the order is in its favor.