Epigral Ltd Receives ₹28.11 Crore Income Tax Demand

Epigral Ltd has received an assessment order and demand notice from the Deputy Commissioner of Income Tax, Vadodara, for Assessment Year 2023-24 (Financial Year 2022-23). The demand amounts to ₹28.11 crore, including applicable interest. The company stated that this is in the ordinary course of assessment proceedings and believes the demand is not maintainable. Epigral Ltd has adequate grounds to contest the order and is preparing to file a rectification application and an appeal within the prescribed timelines. The company asserts that there will be no financial impact on its operations or financials.