General Announcement in continuation of Company''s earlier Announcement submitted on 02.02.2026
SGL · price
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Awaiting price reaction for this filing.
STL Global has provided additional details on an Income Tax order following BSE's request. The company received an order on the evening of January 31, 2026 (Saturday) from the Income Tax Authority under Section 250 of the Income Tax Act, 1961, relating to an assessment order and a demand notice of Rs. 3.05 crore in Income Tax for financial years 2015-16 to 2020-21. The Commissioner of Income Tax (Appeals) dismissed the company's appeal against this order. The company now intends to file a further appeal before the Income Tax Appellate Tribunal (ITAT) within the prescribed period. STL Global also clarified that the one-day delay in originally disclosing the order (it was made on Monday, February 2, 2026) was unintentional and caused by the Sunday weekly off. The company stated there is no material impact on its financials, operations, or other activities.
The Rs. 3.05 crore tax demand is modest in scale and the company maintains it has no material financial or operational impact, though the disputed liability remains a contingent obligation pending the ITAT outcome. Investors should watch for the ITAT ruling, as an adverse decision could affect future cashflows, but near-term share price impact is likely limited.