Dodla Dairy Limited has informed stock exchanges about a significant income tax development affecting its wholly-owned subsidiary. The company disclosed receiving an assessment order that could have substantial financial implications for the group.

Assessment Order Details

HR Food Processing Private Limited, a wholly-owned subsidiary of Dodla Dairy Limited, received an assessment order on March 16, 2026, from the Assessment Unit of the Income Tax Department. The order was passed under Section 143(3) of the Income-tax Act, 1961 for Assessment Year 2024-25.

Nature of Adjustments

The Income Tax Department has made certain additions and disallowances to the returned income filed by HR Food Processing Private Limited. According to the disclosure, the Assessing Officer made these adjustments in the assessment order, which the company believes were made without adequately considering the merits of the case.

The company has stated that the adjustments are not in accordance with the provisions of the Income-tax Act, 1961. This disagreement forms the basis for the planned appeal against the assessment order.

Company's Response and Next Steps

Dodla Dairy has clearly indicated its disagreement with the assessment order and outlined its planned course of action:

• The company is not in agreement with the order passed by the Assessment Unit
• Management believes the demand of ₹18.11 crores is not sustainable
• The company is in the process of filing an appeal before the Commissioner of Income Tax (Appeals)
• The adjustments are viewed as being made without proper consideration of case merits

Financial and Operational Impact

The assessment order has resulted in a quantifiable financial impact of ₹18.11 crores on HR Food Processing Private Limited. However, the parent company's management has expressed confidence that this demand is not sustainable, given their intention to challenge the order through the appellate process.

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders about this material development affecting the subsidiary company.

Dodla dairy Limited has announced an upcoming analyst and institutional investor meeting, informing both BSE and NSE about the scheduled interaction with market participants. The company has issued this notification in compliance with regulatory requirements under SEBI listing obligations.

Meeting Details and Schedule

The investor conference has been organized with specific parameters to ensure proper market communication:

Regulatory Compliance Framework

The announcement has been made pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. Company Secretary and Compliance Officer Surya Prakash M signed the official communication dated March 13, 2026.

Information Disclosure Guidelines

Dodla Dairy has emphasized that the meeting will adhere to strict information sharing protocols. The company has specifically stated that discussions will be based on publicly available information only. No unpublished price sensitive information (UPSI) is intended to be discussed during the interactions with analysts and institutional investors.

Operational Flexibility

The company has noted that changes may occur due to exigencies on the part of either the host or the company. This provision allows for necessary adjustments while maintaining transparency with market participants and regulatory authorities.

Corporate Structure

Dodla Dairy Limited operates as an ISO 22000-2005 and 50001 EnMS certified company with CIN L15209TG1995PLC020324. The company maintains its registered and corporate office at Jubilee Hills, Hyderabad, and operates multiple dairy brands including Orgafeed, OSAM, DAIRY TOP, and Srikrishna Milk & Milk Products.