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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Indrayani Biotech Ltd

Indrayani Biotech: Response filed against Rs. 1.16 Crore Income Tax Demand

REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 06:07 PM IST  ·  BSE ID: cf4f6b61-f75b-4d8c-a579-f6f382d58c76
View Original BSE Filing (PDF)
💡
In Simple Terms
The company replied to the tax department about past tax demands, stating it has legal reasons to dispute them.
🤖 AI Summary
  • Company responded to Income Tax Department recovery letter for Rs. 1.16 Crore tax demands.
  • Demands pertain to Assessment Years 2011-12, 2012-13 (Rs. 18,45,520) and 2013-14 (Rs. 98,09,000).
  • Company cites ITAT order for AY 2013-14 and pending appeal for AY 2011-12 & 2012-13.
  • No immediate financial impact expected; company cites strong legal grounds.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Demand (AY 2011-12, 2012-13 & 2013-14)
₹1,16,54,520
Demand (AY 2013-14)
₹98,09,000
Demand (AY 2011-12 & 2012-13)
₹18,45,520
🏢 How This Affects the Company
💰
Financial Impact
The company asserts no immediate financial impact from the contested tax demands of ₹98,09,000 for AY 2013-14 and ₹18,45,520 for AY 2011-12 & 2012-13.
⚠️
Risk Impact
While the company claims strong legal grounds and no immediate impact, the pending tax demands and recovery proceedings represent an ongoing regulatory and financial risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders; monitor future updates on the appeals.
👤
Who Is Affected
All shareholders are indirectly affected by potential liabilities, but the company asserts no immediate financial impact.
🔍
Management Signal
Management signal is proactive engagement with tax authorities and pursuit of legal remedies for disputed demands.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Updates on the ITAT order for AY 2013-14 fresh consideration.
Outcome of the First Appeal filed for AY 2011-12 & 2012-13.
Further communication or action from the Income Tax Department.
MEDIUM RISK Ongoing tax demand proceedings and pending appeals represent financial and regulatory uncertainty.
💡 Investor Takeaway
Indrayani Biotech responded to a ₹1.16 Crore tax demand, contesting it based on ITAT orders and pending appeals for AYs 2011-14, stating no immediate financial impact.
⚖️ Strengths & Concerns

✅ Positives

  • Company has filed a detailed response with the Income Tax Department regarding contested tax demands.
  • Company cites favorable ITAT order for Assessment Year 2013-14 and a pending appeal for prior years.

⚠️ Concerns

  • Total outstanding tax demands contested are ₹98,09,000 for AY 2013-14 and ₹18,45,520 for AY 2011-12 & 2012-13.
  • Recovery proceedings initiated by Income Tax Officer, Corp. Ward 2(3), Chennai, indicate potential enforcement action.
📅 Company Track Record
Previously, Indrayani Biotech received a GST revocation order and an Income Tax Demand Notice, with past filings indicating contingent liabilities being unquantified.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total amount of income tax demand Indrayani Biotech is responding to?
Indrayani Biotech has responded to recovery proceedings for total outstanding tax demands of ₹1,16,54,520 pertaining to Assessment Years 2011-12, 2012-13, and 2013-14.
What are the specific assessment years involved in the tax demand?
The tax demands are related to Assessment Years 2011-12, 2012-13, and 2013-14.
What is the amount of tax demand for Assessment Year 2013-14?
The tax demand for Assessment Year 2013-14 is ₹98,09,000, originating from a Rectification Order u/s 154 dated 23.02.2017.
What is the amount of tax demand for Assessment Years 2011-12 & 2012-13?
The tax demand for Assessment Years 2011-12 & 2012-13 is ₹18,45,520, quantified u/s 144 r.w.s 254 dated 31.03.2022.
Does the company anticipate any immediate financial impact from these tax proceedings?
No, the company states there is no immediate financial impact, as it has strong legal grounds and is pursuing appropriate remedies.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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