Solara Active Pharma Tax Demand Rectified to Nil

Date: August 28, 2026

Regulatory Disclosure Summary

This disclosure concerns the resolution of a tax matter previously disclosed by the company on March 18, 2026.

Background and Order Details

The company had received a Demand Notice from the Deputy Commissioner of Income Tax on March 17, 2026, for a tax demand of ₹161.92 Crores for Assessment Year 2019-20. The company filed an application for rectification under Section 154 of the Income Tax Act, 1961, on the grounds that the tax demand had been incorrectly computed.

Pursuant to this application, the company received a Rectification Order under Section 154 read with Section 147 of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax, Central Circle 3, Thane. The order was received on August 08, 2026.

The Rectification Order examined the application and rectified the computational error, resulting in the tax demand being reduced to Nil.

Financial Implications

The rectification order results in no pending demand on the company against the original Demand Notice. There is no impact on the financials, operations, or other activities of the company as the demand has been completely dropped.

Compliance Status

The rectification order does not identify any aberration, non-compliance, violation, or default on the part of the company. No penalty, restriction, or sanction was imposed. No further action is required by the company in relation to this demand.