Epigral informed stock exchanges on January 1 that it has received an assessment order and demand notice of Rs 52.52 crore, including applicable interest, from the Deputy Commissioner of Income Tax, Vadodara, for Assessment Year 2022–23, corresponding to Financial Year 2021–22. The company disclosed the development under Regulation 30 of SEBI’s Listing Regulations .
According to the filing, the assessment order has been passed under Section 143(3) read with Section 144C(13) of the Income-tax Act, 1961, along with a demand notice issued under Section 156. Epigral stated that it received the order on December 31, 2025.
The company clarified that the assessment order has arisen in the ordinary course of assessment proceedings and asserted that it has adequate factual and legal grounds to substantiate its position. Epigral further stated that the demand raised is not maintainable, and it is in the process of filing a rectification application and appeal within the prescribed timelines.
Importantly, Epigral emphasized that there is no financial impact on its financial statements, operations, or other business activities arising from the assessment order. The company maintained that the matter does not affect its ongoing operations and remains confident of resolving the issue through the appropriate legal process.
Epigral’s disclosure comes as part of its routine compliance obligations, with the company reiterating that the tax demand does not alter its financial position or business outlook at this stage .
