NSE/BSE Codes: BSE: 509079, NSE: GUFICBIO
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory intimation under SEBI Listing Regulation 30 regarding the receipt of a favorable appellate order from the Income Tax Department.
Involved Parties / Authorities:
- Appellate Authority: Commissioner of Income Tax (Appeals)
Date / Timeline of Event:
- Date of Original Intimation: January 20, 2026 (regarding the initial demand)
- Date of Appellate Order: September 28, 2026
- Date of Receipt of Order by Company: September 29, 2026
- Date of Intimation to Exchanges: September 29, 2026
- Assessment Year in Question: 2024-25
Brief Description of Outcome / Dispute:
The company had filed an appeal against an income tax demand of ₹4,33,36,680 (Rupees Four Crores Thirty Three Lakhs Thirty Six Thousand Six Hundred And Eighty Only). This demand arose from a computation under Section 143 of the Income Tax Act, 1961, on account of disallowance of expenditure for Assessment Year 2024-25. The Commissioner of Income Tax (Appeals) allowed the appeal in favour of the company.
Impact of Outcome:
Financial Impact:
The appellate order, upon being given effect to, will result in the complete deletion of the income tax demand of ₹4,33,36,680. This removes a potential liability of this amount from the company's financial statements.
Operational / Business / Strategic Impact:
No material disclosures in this section.
Other Implications:
No material disclosures in this section.
Next Steps / Required Actions:
The order is to be given effect to, which will formalize the deletion of the tax demand. No further remedial actions or responses are indicated as required from the company in this disclosure.