Indrayani Biotech Ltd

📊 Indrayani Biotech Receives INR 13.90 Crore Tax Demand, Files Appeal

• Received Income Tax Assessment Order dated March 26, 2025, demanding INR 13.90 Crores

• Filed appeal against the demand with the Income Tax Appellate Tribunal (ITAT)

• Demand relates to Assessment Year 2023-24 under Section 143(3) of the Income Tax Act

• Expects no immediate financial outflow as the matter is under legal review

• Believes the demand will not have a material adverse impact on financial operations based on legal advice