IRCTC has received an income tax demand notice of ₹81.65 lakh for Assessment Year 2024-25, as disclosed by the company under regulatory compliance requirements. The notice was issued under section 156 of the Income Tax Act, 1961, highlighting alleged discrepancies in income reporting.

Tax Demand Details

The Income Tax Department's Assessment Unit issued the demand notice with specific reference number DIN: ITBA/AST/S/156/2025-26/1087952314(1) dated March 26, 2026. The company received this communication on the same date and promptly disclosed the matter to stock exchanges as required under SEBI regulations.

Nature of Alleged Violation

According to the demand notice, the ₹81.65 lakh liability arises from alleged under-reporting of total income for Assessment Year 2024-25. The tax authorities have determined this amount as the financial exposure based on their assessment of the company's income declarations during the relevant period.

Company's Position and Next Steps

IRCTC has clarified that the demand specified in the notice is litigative in nature, indicating the company's intention to challenge the assessment. The railway catering and tourism corporation emphasized that such demands can be contested before the appropriate tax authorities within the stipulated timelines as provided under the law.

Financial and Operational Impact

The company has assessed the current financial exposure at ₹81.65 lakh arising from the liability determined by the Income Tax Department. However, IRCTC maintains that since the demand is contestable, the actual financial impact will depend on the outcome of any legal proceedings or appeals that may follow.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparency with stakeholders. Company Secretary and Compliance Officer Suman Kalra signed the regulatory filing on March 27, 2026, ensuring timely communication to both BSE and NSE.

IRCTC has announced that it received an Environmental, Social and Governance (ESG) rating of 52 from ESG Risk Assessments & Insights Limited, a SEBI-registered rating provider. The company disclosed this development in compliance with regulatory requirements, emphasizing that the rating was assigned independently without any company involvement.

ESG Rating Details

The rating assignment represents a significant milestone in IRCTC's sustainability reporting. ESG Risk Assessments & Insights Limited, operating as a Category I ESG Rating Provider under SEBI regulations, communicated the rating to the company via email on March 26, 2026.

Independent Assessment Process

IRCTC specifically clarified that it neither engaged ESG Risk Assessments & Insights Limited for the rating nor participated in preparing the ESG rating report. The rating agency determined the assessment independently, basing their evaluation solely on information available in the public domain without any consultation with or inputs from the company.

This independent approach ensures objectivity in the rating process, as the assessment reflects publicly available data about the company's environmental, social, and governance practices. The methodology aligns with standard industry practices for unsolicited ESG ratings.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ESG Risk Assessments & Insights Limited operates under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, providing legitimacy to their rating methodology and assessment framework.

Company Secretary and Compliance Officer Suman Kalra signed the disclosure document, ensuring proper corporate governance procedures were followed in communicating this development to stakeholders and regulatory authorities.