Panacea Biotec Income Tax Demand Rectified to Nil

Panacea Biotec receives rectified income tax assessment order from DCIT New Delhi for AY 2015-16.
Rectification corrects double disallowance addition and omission of brought-forward loss set-off.
Total tax liability for AY 2015-16 reduced from ~₹45.71 Crore to Nil.
Disclosure made under SEBI LODR Regulation 30 requirements for material events.