Indrayani Biotech Ltd — Important, 15-07-2026: Company Update

Indrayani Biotech announced a significant development in its ongoing tax dispute. The Income Tax Appellate Tribunal quashed a prior order from the First Appellate Authority concerning an Income Tax Assessment Order that the company had challenged. This decision effectively invalidates the previous adverse ruling. The case has now been returned to the First Appellate Authority for a fresh adjudication. This represents a favorable turn for the company, offering an opportunity for a renewed review of the tax assessment.