Tata Consumer Products Receives Rs 98.03 Crore Income Tax Demand for FY 2022-23

1 min read Updated on 14 Mar 2026, 03:09 PM

Reviewed by

Radhika SScanX News Team

Overview

Tata Consumer Products Limited disclosed receiving an income tax assessment order dated March 13, 2026, with a demand of Rs 98,03,33,930 including interest for FY 2022-23. The order was issued by the Assistant Commissioner of Income Tax, Kolkata under section 143(3) of the Income-tax Act, 1961, involving certain additions and disallowances to the returned income. The company believes the demand is not maintainable and plans to file an appeal, stating there is no immediate impact on its financials or operations.

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

Tata Consumer Products Limited has received an income tax assessment order with a substantial demand of Rs 98,03,33,930 including interest for the financial year 2022-23. The company made this disclosure on March 14, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Assessment Order Details

The assessment order was issued by the Assistant Commissioner of Income Tax, Circle - 4(1), Kolkata under section 143(3) of the Income-tax Act, 1961. The company received the order on March 13, 2026, at 15:19 hours.

Parameter	Details
Issuing Authority	Assistant Commissioner of Income Tax, Circle - 4(1), Kolkata
Order Type	Section 143(3) of Income-tax Act, 1961
Assessment Year	Financial Year 2022-23
Total Demand	Rs 98,03,33,930 (including interest)
Date Received	March 13, 2026, 15:19

Nature of Violations

According to the disclosure, the assessment order pertains to certain additions and disallowances made by the Assessing Officer with respect to the returned income for the financial year 2022-23. The order was issued in response to the income tax return filed by the company for that particular financial year.

Company's Response and Impact

Tata Consumer Products has expressed its disagreement with the assessment order, stating that it believes the demand is not maintainable. The company has indicated that it is in the process of preferring an appeal against the said order.

Regarding the financial impact, the company has clarified that there is no immediate impact on its financials, operations, or other activities due to this assessment order. This position is based on the company's intention to challenge the order through the appellate process.

Regulatory Compliance

The disclosure was made in compliance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information has also been hosted on the company's website at www.tataconsumer.com as part of its transparency and compliance obligations.

The disclosure was signed by Delnaz Dara Harda, Company Secretary & Compliance Officer, with membership number ACS73704, ensuring proper authorization and compliance with regulatory requirements.

Tata Consumer Products Allots 3,824 Equity Shares Under Employee Stock Option Scheme

1 min read Updated on 13 Mar 2026, 04:50 PM

Reviewed by

Radhika SScanX News Team

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Overview

Tata Consumer Products Limited allotted 3,824 equity shares under its TCPL-Share Based Long Term Incentive Scheme 2021 on March 13, 2026. The allotment increased the company's paid-up capital from Rs. 98,95,57,956 to Rs. 98,95,61,780, with total equity shares reaching 98,95,61,780. The newly issued shares carry equal rights with existing shares and comply with SEBI regulations.

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Tata Consumer Products Limited has completed the allotment of 3,824 equity shares under its employee stock option plan, marking another step in its long-term incentive program for employees. The allotment was approved by the company's Allotment Committee on March 13, 2026.

Share Allotment Details

The company allotted 3,824 fully paid equity shares with a face value of Re. 1/- each against the exercise of Employee Stock Options (ESOPs) granted under the TCPL-Share Based Long Term Incentive Scheme 2021. This scheme had previously received in-principle approval from major stock exchanges including the National Stock Exchange of India Limited, BSE Limited, and The Calcutta Stock Exchange Limited.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital structure:

Parameter:	Before Allotment	After Allotment
Paid-up Capital:	Rs. 98,95,57,956	Rs. 98,95,61,780
Number of Shares:	98,95,57,956	98,95,61,780
Face Value per Share:	Re. 1/-	Re. 1/-

Share Rights and Compliance

The newly allotted equity shares will rank pari passu in all aspects with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. The company has confirmed compliance with applicable provisions of SEBI regulations regarding this allotment.

Tata Consumer Products has made this information available on its official website at www.tataconsumer.com and has notified all relevant stock exchanges where its shares are listed. The notification was signed by Delnaz Dara Harda, Company Secretary & Compliance Officer, ensuring proper regulatory compliance and transparency in the allotment process.