Thyrocare Technologies Limited has informed the Exchange about Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
THYROCARE · price
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Thyrocare Technologies has received a Notice of Demand under Section 156 of the Income-tax Act, 1961 from the Income Tax Department's Assessment Unit. The notice is dated March 27, 2026 and was received by the company on March 28, 2026. It pertains to Assessment Year 2024-25 and raises a tax demand of ₹2,02,82,260 (approximately ₹2.03 crore). The company has stated that apart from this potential liability, there is no material impact on its financials, operations, or other activities. Thyrocare plans to contest the demand by filing a reply or appeal before the appropriate authority within the prescribed timelines.
A tax demand of around ₹2.03 crore will be legally contested by the company, but it creates a short-term overhang. Since the amount is not deemed material by management, the impact on the stock is likely to be limited unless the appeal is lost.