Indrayani Biotech Ltd — Important, 25-04-2026: Company Update

Indrayani Biotech has received an assessment order from the Income Tax Department, raising a demand of INR 13.90 Crores. The company has formally contested this by filing an appeal before the Income Tax Appellate Tribunal (ITAT). Based on legal advice, management believes this demand is not expected to have any material adverse impact on its financial operations, and no immediate financial outflow is anticipated as the matter is sub-judice. This action aims to resolve the tax demand without affecting the company's financial stability.