Key Quantitative Figures & Dates

  • Demand Amount: ₹5,61,21,030 (Rupees Five Crore Sixty-One Lakh Twenty-One Thousand and Thirty only).
  • Notice Reference No.: OE-II/24 Pg 81/2026-27
  • Notice Date: June 30, 2026
  • Date of Receipt: July 1, 2026
  • Assessment Period: Block period from April 1, 2018, to April 5, 2025.

Parties Involved & Regulatory References

  • Listed Entity: Allcargo Logistics Limited
  • Issuing Authority: Income Tax Department
  • Type of Communication: Notice under Section 154 of the Income Tax Act, 1961, pertaining to an assessment order under Section 158BC of the Income-tax Act, 1961.
  • SEBI Regulation: This disclosure is made under Regulation 30 and the details are provided as per sub-para 20 of Para A of Part A of Schedule III of the Listing Regulations.

Nature and Details of the Action

  • The notice was issued pursuant to an assessment order for the defined block period.
  • The alleged contravention is "Non-Disclosure of income".
  • No aberrations/non-compliances were specifically identified by the authority beyond the core demand.
  • No penalty, restriction, or sanction was imposed pursuant to this communication.

Financial Impact & Stated Rationale

The financial demand is a result of the following notional additions to total income:

  • Transfer Pricing Adjustments: Amounting to ₹7.05 crore for Assessment Years 2023-24 and 2024-25. This is on account of corporate guarantees given for international subsidiaries.
  • Expenditure Disallowance: Disallowance of salary expenditure at 10% of total expenditure attributable to services rendered for foreign subsidiaries.

The disclosure explicitly states that these adjustments "have no impact on the Company's operations, business continuity, or underlying financial position."

Company's Action and Outlook

  • The Company is currently in the process of examining the aforesaid order.
  • It will evaluate appropriate legal remedies, including the filing of an appeal, as may be advised.
  • The Company believes it has adequate grounds to contest the demand.
  • The Company does not expect any material adverse impact on its financial position from this notice.