3B BlackBio Dx Ltd — Updates, 30-04-2025: Company Update

The Income Tax Department has passed an order under Section 154 of the Income Tax Act for the Assessment Year 2024-25, which initially raised a demand of ₹44.56 crore related to Advance Tax and TDS credit from the amalgamation of the company. However, following the review of the circumstances, the Joint Commissioner of Income Tax in Bhopal has reduced the demand to nil. The company does not anticipate any material impact on its financial or operational activities due to this order.