Income Tax demand of Rs 3.05 crore; CIT appeal dismissed, to approach ITAT
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STL Global informed the exchange about an Income Tax order. CIT issued a demand of Rs 3.05 crore for financial years 2015-16 to 2020-21 under section 250 of the Income Tax Act, 1961. The company's appeal before CIT (Appeals) was dismissed on 31 January 2026. The company is now filing an appeal before the Income Tax Appellate Tribunal within the prescribed period. Management stated there is no material impact on financial, operational, or other activities of the listed entity.
No material impact claimed, but Rs 3.05 crore tax demand lost at first appeal level. Company now moving to ITAT for further relief.