Datamatics Global Services Limited has received an income tax demand notice of Rs 1,34,107 from the Income Tax Department for assessment year 2020-21. The company disclosed this development to stock exchanges on March 28, 2026, under Regulation 30 of SEBI Listing Regulations.

Tax Demand Details

The demand notice was issued under Section 156 of the Income-Tax Act, 1961, and received by the company on March 27, 2026. The total demand amount includes interest of Rs 56,138, bringing the overall liability to Rs 1,34,107.

Nature of Alleged Violation

The income tax demand pertains to alleged non-deduction of tax on certain foreign payments made by the company during the assessment year 2020-21. The Income Tax Department has raised concerns about the company's compliance with tax deduction at source provisions for international transactions.

Company's Response and Impact Assessment

Datamatics Global Services has stated that the demand notice will have no material impact on the company's financials, operations, or other activities. The company is currently evaluating the order and plans to take appropriate action within the prescribed timelines as per income tax regulations.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the tax demand. The information has also been made available on the company's official website at www.datamatics.com as part of transparency requirements under SEBI Listing Regulations.

The disclosure was signed by Divya Kumat, President, Chief Legal Officer and Company Secretary of Datamatics Global Services Limited, ensuring proper authorization and compliance with regulatory frameworks.

Datamatics Global Services has announced the resignation of Mr. Himanshu Verma from his position as Non-Executive Independent Director, effective from the closure of business hours on March 23, 2026. The company disclosed this development through a formal communication to BSE Limited and National Stock Exchange of India Limited on March 24, 2026.

Resignation Details and Reasons

Verma (DIN: 07832076) submitted his resignation via email on March 23, 2026, citing a conflict of interest as the primary reason for his departure. In his resignation letter, he explained that his decision was prompted by his recent acceptance of a full-time executive role in another organization whose business operations overlap with Datamatics Global Services' activities.

Committee Positions Impact

Consequent to his resignation, Verma ceased to hold multiple key positions within the company's governance structure. His departure affects several critical committees where he served in leadership and member roles.

Regulatory Compliance and Disclosures

The resignation was disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Verma holds no directorships in any other listed entities and has provided confirmation that there are no material reasons for his resignation beyond those stated in his resignation letter.

The company expressed its deep appreciation and gratitude to Verma for his extensive contributions and stewardship during his tenure on the Board. The resignation letter was signed by Divya Kumat, President, Chief Legal Officer & Company Secretary, ensuring proper regulatory compliance and documentation.