Info Edge (India) Limited has filed an appeal against an Income Tax Assessment Order for Assessment Year 2024-25, challenging a demand of ₹3,64,63,140. The company disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appeal Details

The company filed the appeal on April 2, 2026 at 7:07 p.m. before the Joint Commissioner (Appeals) or the Commissioner of Income Tax (Appeals), Income Tax Department, National Faceless Appeal Centre. This action follows the receipt of a Notice of Demand dated March 20, 2026 from the Assessment Unit, Income Tax Department.

Nature of Dispute

The primary issue in the assessment order relates to disallowances of Employee Stock Option Plan (ESOP) expenses claimed by the company. According to the disclosure, deductions primarily relating to ESOP expenses claimed by Info Edge have been disallowed in the order.

Historical Context

Info Edge has faced similar challenges across multiple assessment years. The company's disclosure reveals a pattern of disputes with the Income Tax Department regarding ESOP expense deductions:

Pending Cases:

• Assessment Years 2016-17, 2022-23, and 2023-24 remain pending before Commissioner of Income Tax appeal
• Assessment Year 2024-25 (current appeal)

Favorable Outcomes: The Income Tax Appellate Tribunal has decided in favor of the company for the following assessment years:

• 2007-08, 2008-09, 2009-10, 2010-11, 2011-12, 2012-13, 2013-14, 2014-15, 2015-16, 2017-18, 2018-19, 2020-21, 2021-22

Current Legal Status

Despite the favorable tribunal decisions, the Income Tax Department has filed appeals against some of these orders. Appeals for Assessment Years 2014-15, 2015-16, 2017-18, 2018-19, 2020-21, and 2021-22 are currently pending acceptance before the Delhi High Court.

Financial Impact Assessment

Info Edge stated that it does not reasonably expect the current case to have any material financial impact. However, the company noted with caution that any adverse outcome may impact all orders decided in favor for other financial years. The aggregated implication across all financial years may exceed the threshold prescribed in Regulation 30 of Listing Regulations.

The disclosure demonstrates Info Edge's ongoing compliance with regulatory requirements while managing tax-related litigation across multiple assessment years, primarily centered on ESOP expense treatment.

Info Edge (India) Limited has announced the resignation of Mr. Pawan Goyal, Whole-time Director and Chief Business Officer-Naukri, marking the end of his seven-year tenure with the company. The resignation, submitted on March 31, 2026, will be effective from the close of business hours on May 31, 2026.

Leadership Transition Details

The company received Goyal's resignation letter via email at 2:20 PM (IST) on March 31, 2026. The Nomination and Remuneration Committee and the Board of Directors formally acknowledged his resignation during their meeting held on April 1, 2026, expressing appreciation for his valuable contributions during his association with the company.

Performance Achievements

In his resignation letter, Goyal highlighted significant business achievements during his leadership tenure. Under his guidance, the Naukri business demonstrated strong financial performance with consistent growth metrics.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Goyal will cease to be a member of all Board Committees where he currently holds membership, effective from his last working day. The company has uploaded the complete intimation on its website at www.infoedge.in for stakeholder access.

Future Pursuits

In his resignation letter addressed to the leadership team, Goyal expressed gratitude for his tenure at Info Edge and stated his intention to pursue other passions in life. He extended best wishes to the Info Edge team for their future endeavors, concluding his successful chapter with the organization on a positive note.