Info Edge (India) Limited — Others, 23-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Info Edge (India) Limited has filed an appeal with the Commissioner of Income Tax (Appeals) against a demand notice of ₹17.05 crore related to the Assessment Year 2023-24. The notice arises from an assessment order that disallowed deductions for ESOP expenses, similar to disallowances under appeal for prior years. Despite the ongoing disputes, the company anticipates a favorable resolution, asserting that the financial impact will likely be minimal. However, should the outcome be adverse, it may affect previously favorable decisions for other financial years, potentially impacting investor sentiment. Overall, a positive outlook remains as the company is confident in its position.