ITD imposes Income Tax, Interest & Penalty on Sai Life Sciences for non-deduction of TDS:

ITD imposes Income Tax, Interest & Penalty on Sai Life Sciences for non-deduction of TDS Sai Life Sciences Limited, a leading global Contract Research, Development, and Manufacturing Organisation (CRDMO), issued a disclosure to NSE Ltd and BSE Ltd regarding receipt of a demand order. Background of the Case The company said that the Income Tax Department has sent them a notice because they did not deduct TDS on certain payments made to non-residents. Because of this, the department is asking the company to pay the tax amount of Rs 2,54,39,944, along with interest of Rs 1,99,17,238. Additionally, a penalty may also be charged later, depending on the decision of the tax officer. Key details of the Case

Particular	Details
Issuance Authority	The Deputy Commissioner of Income Tax (International Taxation) Hyderabad
Date of receipt	March 20, 2026
Details of the violation	Non-deduction of TDS on payments made to non-resident

Company's Disclosure Compliance The above disclosure is made by the company under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company's Further Step Based on the company’s assessment, it plans to file an appeal and expects a positive outcome at the appellate level. Financial Impact on Company The company said it does not have any material financial impact on the company.