Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments:

Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments Sagility Limited has informed the Stock Exchanges of India that it has received an income tax assessment order dated April 14, 2026, passed by the Assessment Unit, Income Tax Department, Government of India, under Section 143(3) read with Section 144C(3) read with Section 144B of the Income Tax Act, 1961, belonging to the Assessment Year 2023-24 (Financial Year 2022-23). The income tax authorities, during the assessment of the company's return for the Assessment Year 2023-24, had made an addition of Rs 189.50 crore due to transfer pricing adjustments, which resulted in the imposition of a tax demand of about Rs 100 crore (including interest). This demand has been levied on the company through the present assessment order.

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The company is not satisfied with this demand order and believes the order is not justified. Consequently, on the recommendation of its tax advisor, it is planning to challenge the order before the Commissioner of Income Tax (Appeals) [CIT(A)] within the statutory time limit, as prescribed under the provisions of the Income Tax Act, 1961. Moreover, the company is also thinking of furnishing a rectification application before the income tax authorities, seeking correction in the final assessment order and computation sheet, as per the records. The company believes that a major reduction can be seen in the levied tax demand if records are properly examined and favourably considered. The company has clarified that the present action of the tax authorities does not impact its financial, operational or other business activities.

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The company has disclosed the aforementioned information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), through a Regulatory Filing, dated April 15, 2026, addressed to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).