Indian Bank — Others, 26-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Indian Bank has received a Notice of Demand from the Income Tax Department concerning ₹873.15 crore for the assessment year 2017-18. The bank is preparing to appeal this demand and believes it has strong grounds to support its case based on previous rulings. Management expects the demand will ultimately be resolved in their favor, asserting that there will be no adverse impact on the bank’s financials, operations, or activities. This situation presents a neutral impact for investors, as the bank remains confident in its position while mitigating potential risks associated with tax liabilities.