Key Quantitative Figures
The final order from the Deputy Commissioner of Income Tax, Transfer Pricing - 1, Kolkata, revises an earlier upward income adjustment:
- Original Adjustment (dated January 22, 2026): ₹3,84,17,653/-
- Revised Adjustment (per order dated October 22, 2026): ₹3,74,35,142/-
- Reduction in Adjustment: ₹9,82,511/-
The adjustment pertains to international transactions undertaken during FY 2022-23 (Assessment Year 2023-24).
Dates of Action
- Date of Final Order: October 22, 2026
- Date of Receipt by Key Managerial Personnel (KMPs): October 23, 2026, at 11:03 AM
- Date of Previous Intimations: The company refers to earlier intimations filed on March 03, 2026, and October 02, 2026.
Parties Involved
- Issuing Authority: Deputy Commissioner of Income Tax, Transfer Pricing - 1, Kolkata (Assessing Officer/AO)
- Directing Authority: Dispute Resolution Panel-2 (DRP), New Delhi
- Regulatory References: The disclosure is made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, and under Regulation 30 of the SEBI Listing Regulations.
Stated Rationale and Impact
The final order was issued based on directions from the Dispute Resolution Panel-2 under Section 144C(5) of the Income-tax Act, 1961. The company explicitly states:
- No Violations: "No violation(s)/contravention(s) committed by the Company."
- Financial Impact: "No impact other than as stated in this disclosure" and "Based on a preliminary assessment of order, no expected financial implication on the Company."
- No Penalties: "No penalty or restriction as of date."
Company Action and Forward Plan
The company is evaluating the order and has stated its intention to "prefer to file an appeal against the said order with appropriate authority within the stipulated time." Appropriate actions will be taken within the stipulated timeframe.