Date: October 31, 2026
Regulatory Disclosure Context
This is a disclosure made by FDC Limited to BSE Limited and the National Stock Exchange of India Ltd. pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Details of the Order Received
Name of the Authority: Assistant Commissioner of Income Tax, Circle – 1(3)(1), Mumbai
Nature and Details of the Orders Passed:
- The Commissioner of Income Tax Appeals - 56 (CIT(A)) accepted the company's submissions and issued favorable orders dated 29th September 2026 for Assessment Year (AY) 2014-15 and AY 2012-13.
- Consequently, the jurisdictional Assessing Officer (AO) passed orders dated 6th October 2026 (for AY 2014-15) and 29th October 2026 (for AY 2012-13), giving effect to the said CIT(A) orders.
- The orders determined an aggregate refund of ₹37.22 crore.
Date of Receipt of Orders:
- The order for AY 2014-15 was received by the Company on 30th October 2026.
- The order for AY 2012-13 was received by the Company on 31st October 2026.
Details of the Violations/Contraventions:
The appeal was filed against disallowances made by the AO on account of:
- Publicity expenses
- Deduction under section 35(2AB) of the Income Tax Act, 1961
- Etc.
Financial Impact:
The interest income included in the aforesaid refund of ₹37.22 crore will be credited to the Statement of Profit and Loss as income.