Income Tax demand of about Rs 60.50 crore for AY 2024-25; company to appeal

Company received an Income Tax demand of about Rs. 60.50 crore plus interest for Assessment Year 2024-25 under Section 156 of the Income Tax Act, along with an Assessment Order under section 143(3). Order dated June 20, 2026. The company says the demand is not maintainable and will appeal before CIT (Appeals). It claims no operational impact and that financial impact is limited to the demand and interest. The disclosure was filed on June 30, 2026, beyond the 24-hour SEBI window, which the company blames on internal administrative routing.