Indrayani Biotech IT Order Quashed by Tribunal

Indrayani Biotech Limited has received a significant update regarding its tax litigation. The Income Tax Appellate Tribunal (Hon'ble Tribunal) has quashed a previous order by the First Appellate Authority concerning an Income Tax Assessment Order dated March 26, 2025. The matter has been restored to the First Appellate Authority for fresh adjudication. This follows the company's challenge against the Assessment Order and the subsequent order of the First Appellate Authority. The company has provided an update on this ongoing tax litigation as per SEBI regulations.