Date: July 17, 2026

Regulatory Disclosure Summary

Legal / Strategic Updates

The company has received a favorable appellate order from the Income Tax Department:

  • Authority: Commissioner of Income Tax (Appeals), Income Tax Department
  • Nature of Order: Appellate Order under section 250 of the Income Tax Act, 1961
  • Date of Receipt: July 17, 2026 (03:03 AM - IST)
  • Order Date: July 16, 2026
  • Background: This order follows an appeal filed by the company against an assessment order dated March 31, 2024, which was previously disclosed to the exchanges on April 01, 2024
  • Outcome: The appeal has been allowed and decided in the company's favor
  • Specific Relief: The deduction claimed on account of ESOP Expenses of INR 32,66,18,927/- (₹32.66 crore) has been allowed
  • Financial Impact: Not applicable since the appeal has been allowed in favor of the company

Other Operational / Legal / Strategic Disclosures

This disclosure represents a favorable resolution to a previously disclosed tax matter, resulting in the allowance of a significant ESOP expense deduction without negative financial impact.