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Informist, Saturday, May 16, 2026

--Aditya Birla Capital receives INR 2.22 bln tax demand notice 

NEW DELHI – Aditya Birla Capital Ltd. has received a notice for income tax demand of INR 2.22 billion from the Centralised Processing Centre of the Income Tax Department for Assessment Year 2025-26 (Apr-Mar), the company informed exchanges Friday.

The tax demand is related to Aditya Birla Finance Ltd, which was amalgamated with Aditya Birla Capital in April 2025.

"The company has now received a notice dated 15 May 2026 under section 143(1) of the Income Tax Act, 1961 from the Centralised Processing Centre (CPC), wherein the advance tax credits relating to ABFL (Aditya Birla Finance) have not been granted," the company said. "The demand has arisen solely on account of technical reasons pertaining to non-migration of tax credits from ABFL's PAN (Permanent Account Number) to the company's PAN consequent to the amalgamation, even though the corresponding income has already been offered to tax by the company."

Aditya Birla Capital said this demand does not represent any short payment of tax, and it will file necessary application with the tax department for rectification and appropriate credit of taxes already paid. "The company does not foresee any material impact on its financial or operational or other activities," it said.

For the quarter ended March, Aditya Birla Capital posted a consolidated net profit of INR 11.29 billion on revenue of INR 134.59 billion. Shares of the company Friday ended 2.2% higher at INR 357.15 apiece on the National Stock Exchange.  End

Reported by Shubham Rana

Edited by Vandana Hingorani

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