ICRA Analytics Receives ₹19.17 Crore Rectification Order from Income Tax Dept
ICRA Analytics Limited, a wholly-owned subsidiary of ICRA Limited, received a rectification order from the Income Tax Department on 19 May 2026 for FY 2024-25, with an outstanding tax demand of ₹19.17 crore. The company intends to appeal the order.
The company plans to appeal the order, and there is no immediate financial implication.
The announcement indicates a negative development due to the receipt of a rectification order and a tax demand.
ICRA Limited announced that its wholly-owned, material subsidiary, ICRA Analytics Limited (IAL), received a rectification order from the Income Tax Department on 19 May 2026 for FY 2024-25. The order raises an outstanding tax demand of ₹19.17 crore. IAL plans to file an appeal, a stay of demand, and a rectification application against this order. There is no immediate financial implication expected. This disclosure complies with Regulation 30 of the Listing Regulations and is available on the company's website.
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