Thyrocare Technologies Limited has disclosed receiving a Notice of Demand from the Income Tax Department, dated March 27, 2026, pertaining to the Assessment Year 2024-25. The notice imposes a demand of ₹2,02,82,260. The company views the demand as litigative and plans to contest it by filing an appropriate reply or appeal within the stipulated legal timelines. There is currently no expected material impact on financials or operations beyond the demanded amount.
Receipt of Tax Demand Notice
Thyrocare Technologies Limited has formally informed the stock exchanges that it received a communication from the Income Tax Department. This communication was a Notice of Demand issued under Section 156 of the Income-tax Act, 1961. The notice was dated March 27, 2026, and was officially received by the Company on March 28, 2026.
Details of the Demand
The Notice of Demand, issued by the Assessment Unit, pertains specifically to the Assessment Year 2024-25. The authority has raised a total demand amounting to ₹2,02,82,260/-. The communication itself references DIN: ITBA/AST/S/156/2025-26/1088013634(1).
Company Response and Financial Exposure
Regarding the financial implications, the Company stated that there is no material impact on current financials or operations, except for the liability specified in the notice. The current financial exposure stands at ₹2,02,82,260/-, contingent upon the final outcome. The Company explicitly stated that since the demand issued u/s 156 is considered litigative, the matter will be contested before the appropriate authorities within the timelines provided by law. The Company is currently evaluating the matter and preparing to submit an appropriate response, including filing a reply or an appeal.
Compliance Status
The details provided confirm that the authority did not identify any specific aberrations or non-compliances, and consequently, no penalty or restriction was imposed pursuant to this communication. The Company has also ensured that this intimation is disseminated on its official investor website.
Source: BSE
