Income Tax demand of ~Rs 46.9 cr on Tanla over alleged TDS non-withholding

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TANLA · price

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

+5.9%Reaction day

₹427.00

prior close

₹444.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+4.2%+1.7% vs market

Software Products peers, median of 35sector+3.0%+2.9% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.9 pts more than its Software Products 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

-1.3

10m

-2.1

15m

-1.8

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.9+4.2+1.7+3.0+2.9

Next day

+11.2+4.1+7.1+4.6+6.6

+10.9+6.3+4.6+5.3+5.6

+7.7+6.3+1.4+4.4+3.3

+12.5+9.0+3.5+5.9+6.6

+14.3+10.3+4.0+7.3+7.0

+12.9+10.9+1.9+4.5+8.3

15d

+19.6+13.8+5.8+5.0+14.6

+31.6+19.0+12.6+4.0+27.6

+17.4+16.1+1.3-3.1+20.5

+22.4+22.3+0.0-9.1+31.4

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 35Pending

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

AI summary

Tanla Platforms received an Income Tax demand of Rs 46.90 crore (incl. interest) for AY 2020-21, alleging non/short-withholding of TDS on asset-purchase consideration from FY 2018-19. The order was issued on March 31, 2026. The company plans to contest it, citing strong legal grounds. Per the Share/Asset Purchase Agreement, the seller is contractually liable for any such withholding tax claims, so Tanla expects no material financial or operational impact.

Likely market impact

Minimal shareholder impact expected as the seller is contractually liable for the tax demand under the SPA; company plans to contest.