Blue Dart Express Limited, a leader in logistics and express parcel delivery services, has announced an important update regarding its ongoing tax dispute with the Income Tax Department. As per the revised orders received by the company on March 31, 2025, the demand raised by the Income Tax Department (TDS) has been significantly reduced.

In the previous January 28, 2025 communication to the stock exchanges, Blue Dart had informed about the alleged demand raised by the Income Tax Department for the financial years 2017-18 to 2023-24. The initial demand stood at ₹17,01,42,073, along with interest of ₹10,70,75,763. However, following the review, the revised order now states a demand of ₹2,90,22,948 along with interest of ₹1,71,52,308.

The company's management has stated that this demand is related to payments made to transporters, allegedly in violation of Section 194C(6) of the Income Tax Act, 1961, which governs tax deduction at source for payments to contractors and sub-contractors. The revised demand has been issued under Section 201 and Section 156 of the Income Tax Act.

Blue Dart has clarified that it is currently analyzing the implications of the revised demand and is considering all available options. The company has emphasized that the reduction in demand is a positive development, although it is still committed to addressing any remaining concerns regarding the case. As per the regulations, the company will continue to evaluate the matter to decide on further actions.

The company has made this disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, ensuring transparency regarding the matter and in line with its obligations towards its stakeholders.

This information has also been made available on Blue Dart’s official website for the public's reference.

For stakeholders and investors, this updated development provides clarity on the company's ongoing tax matters and reflects the positive shift in the financial burden resulting from the revised demand.

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