Zaggle Income Tax Appeal Dismissed for AY 2022-23

Zaggle Prepaid Ocean Services Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding an update to their previous disclosure made on May 24, 2024.

The disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company informs that the appeal filed before the Honorable Commissioner of Income Tax (Appeal) against the demand notice received under Section 156 of the Income Tax Act, 1961 for the assessment year 2022-23 has been dismissed. The dismissal order was dated August 14, 2026.

The company states that it believes it has strong grounds to defend these positions and will take necessary steps to pursue an appeal before the appropriate appellate authority.

The disclosure was signed by Hari Priya, Company Secretary and Compliance Officer, and digitally dated August 15, 2026 at 21:48:29 +05:30.

Financial Impact

Financial impact not quantified in the disclosure.