Info Edge Receives ₹3.64 Crore Tax Demand Notice from Income Tax Department for FY25

2 min read     Updated on 21 Mar 2026, 06:05 PM
scanx
Reviewed by
Radhika SScanX News Team
Overview

Info Edge (India) Limited received a tax demand notice of ₹3,64,63,140 from the Income Tax Department for Assessment Year 2024-25, primarily related to disallowance of ESOP expenses. The company stated there is no material impact on financials or operations and is reviewing the appealable order. Similar disputes for previous years are pending before tax authorities, with tribunal decisions historically favoring the company since 2007-08.

35642101

*this image is generated using AI for illustrative purposes only.

Info Edge (India) Limited has received a tax demand notice of ₹3,64,63,140 from the Income Tax Department for Assessment Year 2024-25. The company disclosed this development through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Demand Details

The assessment order was received on March 20, 2026, at 06:44 PM from the Assessment Unit of the Income Tax Department. The demand has been issued under Section 143(3) of the Income Tax Act, 1961, and primarily relates to disallowance of Employee Stock Option Plan (ESOP) expenses claimed by the company.

Parameter: Details
Tax Demand Amount: ₹3,64,63,140
Assessment Year: 2024-25
Issuing Authority: Assessment Unit, Income Tax Department
Legal Section: Section 143(3) of Income Tax Act, 1961
Primary Issue: Disallowance of ESOP expenses

Company's Response and Historical Context

Info Edge has stated that the order is appealable and the company is currently reviewing the assessment order while evaluating next steps in the matter. This tax demand follows a pattern of similar disputes the company has faced in previous years.

The company provided context regarding similar disallowances:

  • Similar disallowances for Assessment Years 2016-17, 2022-23, and 2023-24 are pending before the Commissioner of Income Tax appeal
  • Disallowances since Assessment Year 2007-08 have been decided by the Tribunal in favor of the company
  • The Income Tax Department has filed appeals against favorable tribunal orders, which are currently pending acceptance before the Hon'ble High Court of Delhi

Financial Impact Assessment

According to the company's disclosure, there is no material impact on the financials of Info Edge relating to this order for the current financial year. The company has also confirmed no impact on its operations or other business activities.

Impact Area: Assessment
Financial Impact: No material impact
Operational Impact: No impact
Other Activities: No impact
Current FY Impact: None

Regulatory Compliance

The disclosure was made in compliance with multiple SEBI regulations and circulars, including SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025. The company has confirmed that all information provided is true, correct, and complete to the best of their knowledge and belief, as required under Regulation 30(13) of the Listing Regulations.

The intimation has been uploaded on the company's website at www.infoedge.in for public access. Info Edge operates popular platforms including Naukri.com, 99acres.com, Jeevansathi.com, and Shiksha.com.

Historical Stock Returns for Info Edge

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%+2.39%-10.62%-28.92%-27.53%+6.27%

Info Edge Schedules Institutional Investor Meetings for March 23 and 27, 2026

1 min read     Updated on 20 Mar 2026, 05:03 PM
scanx
Reviewed by
Radhika SScanX News Team
Overview

Info Edge (India) Limited has officially notified stock exchanges about two upcoming institutional investor meetings scheduled for March 23 and 27, 2026. The meetings will be held with Generation Investment Management (virtual) and Neuberger Berman (Delhi), with company representatives including Mr. Hitesh Oberoi and Mr. Vineet Ranjan attending.

35551693

*this image is generated using AI for illustrative purposes only.

Info Edge (India) Limited has formally notified stock exchanges about upcoming meetings with institutional investors scheduled for March 23 and 27, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scheduled Investor Meetings

The company has arranged two one-on-one meetings with prominent institutional investors as detailed in the official regulatory filing:

Meeting Details: Information
Meeting 1
Investor: Generation Investment Management
Date: March 23, 2026
Mode: Virtual
Company Representatives: Mr. Hitesh Oberoi and Mr. Vineet Ranjan
Meeting 2
Investor: Neuberger Berman
Date: March 27, 2026
Mode: Delhi (In-person)
Company Representative: Mr. Vineet Ranjan

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30(6) of SEBI regulations on March 20, 2026, ensuring transparency in corporate communications with institutional stakeholders. The company has clarified that no unpublished price sensitive information will be disclosed or shared during these investor interactions.

The notification was sent to both National Stock Exchange of India Limited (Scrip Symbol: NAUKRI) and BSE Limited (Scrip Code: 532777) by Company Secretary & Compliance Officer Jaya Bhatia.

Meeting Schedule Flexibility

Info Edge has indicated that the meeting schedule may undergo changes based on requirements from analysts, institutional investors, or the company itself. The company noted that the delay in informing about the March 23, 2026 meeting was due to a last-minute request from the institutional investor.

Investor Resources

The company has made its latest investor presentation available on its official website at the investor relations section, providing stakeholders with updated corporate information and financial details for reference during these meetings. The presentation can be accessed at the company's investor relations portal for corporate presentations.

Historical Stock Returns for Info Edge

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%+2.39%-10.62%-28.92%-27.53%+6.27%

More News on Info Edge

1 Year Returns:-27.53%