Devyani International Ltd

📄 Devyani International Subsidiary Receives INR 59.52M Tax Demand

- Subsidiary Sky Gate Hospitality received an income tax demand order for ₹59.52 million

- The demand is for Assessment Year 2024-25 under section 143(3) of the Income-tax Act

- Relates to alleged excess premium on share issuance during FY 2023-24

- Company states no material impact on financial or operational activities

- Sky Gate is evaluating the order and considering filing an appeal