Grovy India Limited, a listed Indian company, has formally filed an appeal with the Income Tax Appellate Tribunal (ITAT) challenging the order issued by the Commissioner of Income Tax (Appeals) under Section 250 of the Income-tax Act, 1961. The order, dated 13th January 2026, relates to a tax demand of INR 119.24 Lakhs, comprising INR 78.00 Lakhs toward tax and INR 41.24 Lakhs toward interest.

This action follows the company’s commitment to ensure regulatory compliance and transparency as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was formally communicated to the BSE Limited on 27th February 2026, reflecting the company’s adherence to corporate governance practices and obligations to investors.

The appeal lodged before ITAT represents Grovy India’s legal recourse to contest the tax demand, emphasizing that the company is actively pursuing a resolution under the legal framework provided by Indian tax authorities. This step is critical to safeguarding the financial interests of the company and its shareholders, while ensuring compliance with procedural and statutory requirements under the Income-tax Act, 1961.

According to the details shared, the total tax liability of INR 119.24 Lakhs includes both the principal tax amount and applicable interest. By filing the appeal, Grovy India seeks a review and potential rectification of the tax order, while maintaining full transparency with investors and regulatory authorities.

Simran Rajput, Company Secretary and Compliance Officer, confirmed that the disclosure has been made in line with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting the company’s focus on corporate governance, investor communication, and regulatory compliance.

The appeal also demonstrates Grovy India’s commitment to resolving tax disputes through the appropriate legal channels, ensuring that the company’s financial and operational integrity is maintained while the matter is adjudicated by ITAT. Investors and stakeholders are kept informed of the ongoing tax litigation and compliance status, which is vital for confidence in the company’s governance framework.

In summary, Grovy India Limited’s appeal before ITAT highlights the company’s proactive approach to addressing a tax demand of INR 119.24 Lakhs, encompassing both tax and interest components. This step underscores the company’s regulatory compliance, corporate transparency, and commitment to protecting shareholder interests while navigating the Indian tax framework. The company remains focused on ensuring clarity, accountability, and adherence to statutory obligations throughout the appeals process.

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