Blue Dart Express Limited has received a significant income tax demand notice of ₹70,58,98,292 for the assessment year 2018-19, the company disclosed in a regulatory filing under SEBI Regulation 30. The notice was received on March 30, 2026, at 11:32 PM from the Assessment unit of the Income Tax Department.

Details of the Tax Demand

The substantial demand primarily arises from the disallowance of Corporate Social Responsibility (CSR) deduction claimed by the company under section 80G of the Income Tax Act, 1961. The following table outlines the key components of the demand:

Nature of Violations

According to the company's disclosure, the tax officer has passed an order under section 147 of the IT Act, disallowing the CSR deduction that was claimed in the company's tax return. The demand encompasses several components beyond the disallowed deduction:

• Short grant of credit for advance tax and self-assessment tax
• Levy of interest under sections 234B and 234C of the Income Tax Act
• Adjustments related to refunds already issued in the past

Company's Response Strategy

Blue Dart Express has indicated that it is currently evaluating the matter and plans to file an appeal or rectification application in due course. The company has not quantified any specific financial impact from this development at this stage, stating that it is assessing the situation.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company filed the necessary information in the prescribed format, including details as per Para A of Part A of Schedule III of SEBI Listing Regulations, in compliance with the SEBI Master Circular dated January 30, 2026.

The development represents a significant regulatory matter for the logistics company, with the demand amount being substantial relative to typical operational matters. The company's next steps will likely involve engaging with tax advisors and filing appropriate legal remedies to contest the demand.

Blue Dart Express has received an inspection authorization letter from the Deputy Commissioner of State Tax, Mumbai, dated March 25, 2026. The logistics company disclosed this regulatory communication under SEBI listing regulations, providing detailed information about the inspection request.

Regulatory Communication Details

The company received the official correspondence on March 25, 2026 at 6:00 p.m., pertaining to authorization for inspection or search from the office of Deputy Commissioner of State Tax, Mumbai. The inspection falls under Rule 139(1) of the Central Goods and Services Tax Act, 2017.

Company Response and Compliance

Blue Dart Express has made the disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India about this regulatory development.

Tushar Gunderia, Head (Legal & Compliance) and Company Secretary, signed the disclosure document on March 26, 2026. The company stated it is assisting and cooperating with the authority in furnishing requisite information and clarifications.

Expected Impact Assessment

The company has assessed that it does not foresee any material impact on its financials, operations, or other activities due to the inspection. This assessment reflects the company's confidence in its compliance procedures and operational transparency.

The inspection represents part of routine regulatory oversight activities conducted by tax authorities under the GST framework. Blue Dart Express continues to operate its logistics and express delivery services while addressing this regulatory matter through appropriate compliance channels.