Tata Capital Limited has officially notified stock exchanges about its upcoming board meeting to consider and approve audited financial results for the fourth quarter of fiscal year 2026. The company issued formal communication to both BSE Limited and National Stock Exchange of India Limited on March 23, 2026.

Board Meeting Schedule

The Board of Directors meeting has been scheduled for Thursday, April 23, 2026, with the primary agenda to review and approve comprehensive financial results. The meeting notification was issued in compliance with SEBI Listing Regulations, providing stakeholders with adequate advance notice.

Financial Results Scope

The board will consider and approve both audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. This comprehensive review will provide stakeholders with complete visibility into the company's financial performance across all business segments and subsidiaries.

Trading Window Restrictions

In accordance with SEBI's Prohibition of Insider Trading Regulations, 2015, and the company's internal Code of Conduct for Prevention of Insider Trading, Tata Capital Limited has implemented trading window restrictions. The closure affects designated persons and their related persons, including immediate relatives.

Regulatory Compliance

The notification was issued pursuant to Regulations 29(1) and 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Sarita Kamath, Chief Legal and Compliance Officer & Company Secretary, demonstrating the company's commitment to regulatory transparency and stakeholder communication standards.

Tata Capital Limited has received a significant Income Tax reassessment order demanding ₹413.18 crores for Financial Year 2017-18, according to a regulatory filing made on March 21, 2026. The order was issued by the Deputy Commissioner of Income Tax, Circle - 2(3)(1), Mumbai, under Section 143(3) read with Section 147 of the Income Tax Act, 1961.

Order Details and Timeline

The reassessment order was issued on the Income Tax website on March 20, 2026, and downloaded by the company on March 21, 2026. The order pertains to Tata Capital Financial Services Limited (TCFSL), which was subsequently merged with Tata Capital Limited with an appointed date of April 1, 2023.

Nature of Alleged Violations

The primary issue centers around alleged short credit of taxes paid by the erstwhile TCFSL. According to the company's analysis, the assessing officer erroneously credited taxes paid by Tata Capital Limited (₹16.36 crores) instead of allowing credit for taxes actually paid by TCFSL, which aggregated to ₹225.89 crores as claimed in the income tax return.

The company highlighted that ₹224 crores in tax credit was duly allowed in the original assessment order under Section 143(3) dated September 29, 2021. This computational error resulted in a short credit of ₹209.52 crores, upon which interest of ₹202.72 crores was subsequently levied.

Company's Response and Expected Impact

Tata Capital Limited has stated it does not envisage any material financial implication at this stage, citing apparent errors in the computation sheet. The company plans to take the following steps:

• File rectification application for computational errors
• Appeal the reassessment order through appropriate channels
• Address additional disallowances with tax impact of ₹26.31 crores

Additional Disallowances

Beyond the primary tax credit issue, the order includes certain disallowances for FY 2017-18 with a tax impact of ₹26.31 crores. The company has already filed or is in the process of filing appeals with the Commissioner of Income Tax (Appeals) for these matters. Management expressed confidence in achieving favorable outcomes based on strong legal grounds and judicial precedents.

Management Outlook

The company's management believes the entire demand is not maintainable due to the computational errors identified. They expect a favorable outcome and anticipate no impact on the company's financials, operations, or other activities. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.