Swiggy Limited has informed the Exchange about the order received from Deputy Commissioner of Income-tax for the period April 2021 to March 2022
SWIGGY · price
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Awaiting price reaction for this filing.
Swiggy Limited has disclosed that it received an order from the Deputy Commissioner of Income-tax covering the financial period from April 2021 to March 2022 (FY22). The specific details of the order, including any demand amount or penalty, are not mentioned in the headline. Income-tax orders of this nature typically involve additions to taxable income, interest, or penalties on certain claimed deductions or transactions. The company has informed the stock exchange as part of its compliance obligations under listing regulations.
This is a routine tax-related disclosure for shareholder information. The actual impact on the stock price would depend on the size of the demand and whether Swiggy plans to contest or pay the amount. Without specifics on the quantum, this is unlikely to materially affect the stock in the short term.