Date: September 09, 2026
Legal / Strategic Disclosures
The Company filed this regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Income Tax Appeal Status Update:
- The Company had previously filed an appeal before the Hon'ble Commissioner of Income Tax (Appeals), Income Tax Department
- The appeal was against the Assessment Order dated March 25, 2026, and consequential Notice of Demand issued under Section 156 of the Income-tax Act, 1961
- The assessment order and demand notice were received from the Assessment Unit, Income Tax Department for Assessment Year 2024-25
- The appeal has been dismissed vide order dated September 08, 2026
Company's Position and Next Steps:
- The Company maintains it has strong grounds to support and defend its position in the matter
- The Company intends to pursue available legal remedies by filing an appeal before the Hon'ble Income Tax Appellate Tribunal (ITAT)
- The appeal will be filed within the prescribed timelines
Regulatory Context:
- This disclosure is in furtherance of the Company's earlier disclosure made vide Letter No. ZAGGLE/25-26/174 dated March 26, 2026
- The disclosure reference number is ZAGGLE/26-27/73