Jyothy laboratories has informed stock exchanges about significant developments regarding its income tax assessment for Assessment Year 2024-25. The company received both an assessment order and a subsequent rectification order on March 30, 2026, which resulted in the complete nullification of a substantial tax demand.

Income Tax Assessment and Rectification Details

The company initially received an income tax assessment order under Section 143(3) of the Income-tax Act, 1961, which raised a significant demand. However, the Income Tax Department issued a rectification order under Section 154 on the same date, completely nullifying the demand.

Reasons for Initial Demand

The tax demand primarily arose due to specific issues during the processing of the Return of Income:

• Prima facie computational errors resulting in an incorrect demand
• Issues of a recurring nature that the company has previously addressed successfully

The company noted that it has already received favorable orders from the Hon'ble Income Tax Appellate Tribunal and Hon'ble Commissioner of Income Tax (Appeals) in earlier years for similar recurring issues.

Company's Response and Future Actions

Jyothy Labs stated that it is in the process of filing an appeal against the assessment order, specifically relating to the recurring issues mentioned above. The rectification was carried out suo-motu by the Income Tax Department, which corrected apparent computational errors and granted appropriate credit for taxes paid.

Financial Impact Assessment

The company has assessed that there will be no material impact on its operations or financial position. Jyothy Labs explicitly stated that it does not foresee any material impact on its financials, operations, or other activities consequent to the said order.

Regulatory Compliance

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under the SEBI Master circular, ensuring full transparency with stakeholders regarding the tax assessment developments.

Jyothy Labs Limited has announced a scheduled investor meeting with Nalanda Capital, set to take place on March 20, 2026. The disclosure was made on March 17, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The upcoming engagement will be conducted as a one-on-one meeting format between company representatives and Nalanda Capital. The company has provided formal notification to both BSE Limited and National Stock Exchange of India Limited regarding this scheduled interaction.

Regulatory Compliance

Jyothy Labs Limited has emphasized that no Unpublished Price Sensitive Information (UPSI) will be shared during the investor meeting. This commitment aligns with regulatory requirements and ensures compliance with disclosure norms. The company has noted that the meeting schedule may undergo changes due to exigencies on the part of either the investor or the company.

Information Availability

The company has directed stakeholders to its official website at www.jyothylabs.com , where the latest investor presentation is available for public access. This ensures transparency and provides investors with current information about the company's performance and strategic direction.

Corporate Information

The notification was signed by Shreyas Trivedi, Head – Legal & Company Secretary, on behalf of Jyothy Labs Limited. The company operates from its registered office at 'Ujala House', Ramkrishna Mandir Road, Kondivita, Andheri (East), Mumbai 400059, and maintains its corporate identity number as L24240MH1992PLC128651.