NSEGeneral Updates9 Sept 2026 · 9 Sept 2026, 10:56 pm

General Updates

Krsnaa Diagnostics Limited · KRSNAA

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Krsnaa Diagnostics Limited has received appellate orders from the Commissioner of Income Tax (Appeals), Pune, in relation to income-tax proceedings for Assessment Years 2017-18 to 2023-24. The company has disputed demands totaling ₹62,69,17,435, which are subject to further appellate proceedings.

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Growth Catalyst1/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Krsnaa Diagnostics Limited has informed the Exchange about General Updates

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Date: September 09, 2026 Ref. No.: KDL/SE/043/2026-27 To, To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25th Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai – 400051 Scrip Code: 543328 NSE Symbol: KRSNAA Dear Sir/Madam, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform the Exchanges that the Company has received orders passed by the Commissioner of Income Tax (Appeals), Pune under Section 250 of the Income-tax Act, 1961 (“Act”) in respect of Assessment Years 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24. The aforesaid orders represent the outcome at the first appellate level in the ongoing income-tax proceedings previously disclosed by the Company. The underlying tax demands continue to be disputed by the Company and the Company intends to exercise its legal recourse of further appeal before the Hon’ble Income Tax Appellate Tribunal ("ITAT"), being the next appellate forum under the Act. This intimation is in continuation of the Company's earlier disclosures in relation to the income-tax proceedings, including the intimation bearing reference no. KDL/SE/036/2026-27 dated August 26, 2026. The key details of the aforesaid appellate orders are set out below: Disputed demand as Assessment Year Date of Order reflected in CIT(A) order Outcome at CIT(A) stage 2017-18 September 8, 2026 2,08,24,611 Appeal dismissed 2018-19 September 8, 2026 4,03,75,969 Appeal dismissed 2019-20 September 8, 2026 7,26,78,730 Appeal dismissed 2020-21 September 8, 2026 8,69,02,910 Appeal dismissed 2021-22 September 8, 2026 14,20,42,704 Appeal partly allowed 2022-23 August 28, 2026 19,63,30,624* Appeal partly allowed 2023-24 September 8, 2026 6,77,61,887 Appeal partly allowed *The amount stated above for AY 2022-23 is the disputed demand as reflected in the CIT(A) order dated August 28, 2026. The Company had also separately disclosed the subsequent rectification order dated August 14, 2026, received on August 26, 2026, pursuant to which the revised balance payable was determined at ₹31,73,28,734. The aggregate disputed demand as reflected in the aforesaid appellate orders amounts to ₹62,69,17,435 The amounts stated above represent the amounts reflected in the respective CIT(A) orders and should be read in the context of the continuing appellate proceedings. The Company has carefully reviewed the aforesaid appellate orders in consultation with its external tax experts. Based on the opinion received, the Company believes that it has adequate factual and legal grounds to substantiate its position before the Hon’ble ITAT. Accordingly, the Company intends to file the necessary appeals within the prescribed timelines and pursue all remedies available under applicable law. Based on the merits of the matters involved and the advice received from its external tax experts, the Company expects substantial relief in the appellate proceedings. The Company shall keep the Stock Exchanges and its shareholders appropriately informed of any material developments in accordance with applicable law. The aforesaid matters are under further statutory appellate proceedings and do not have any impact on the ongoing operations of the Company. The financial and accounting implications, if any, will continue to be assessed and accounted for in accordance with applicable accounting standards. The details required under Regulation 30 read with Schedule III of the SEBI LODR Regulations and applicable SEBI circulars are enclosed as Annexure. You are requested to take the above information on your record. For Krsnaa Diagnostics Limited Sujoy Sudipta Bose Company Secretary and Compliance Officer Annexure Particulars Remarks Name of the authority Commissioner of Income Tax (Appeals), Pune Nature and details of the action(s) taken / order(s) The Company has received seven appellate orders passed under Section 250 of the Income-tax Act, 1961 in respect of appeals filed against the respective income-tax assessment orders for Assessment Years 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, 2022- 23 and 2023-24 Date of receipt of the order(s) September 08, 2026 & September 09,2026 Assessment Years involved AY 2017-18, AY 2018-19, AY 2019-20, AY 2020-21, AY 2021-22, AY 2022-23 and AY 2023-24 Amount involved Aggregate disputed demand as previously communicated of ₹62,69,17,435 as reflected in the aforesaid appellate orders. The amounts remain subject to further statutory appellate proceedings. Impact on financials / operations The amounts arising from the aforesaid orders are disputed and remain subject to further appellate proceedings. The aforesaid matters do not have any impact on the ongoing operations of the Company. The financial and accounting implications, if any, will continue to be assessed and accounted for in accordance with applicable accounting standards. Further course of action The aforesaid orders represent the outcome at the first appellate stage. Based on the opinion of the Company’s external tax experts, the Company believes that it has adequate factual and legal grounds to substantiate its position before the Hon’ble Income Tax Appellate Tribunal. Accordingly, the Company intends to file the necessary appeals within the prescribed timelines and pursue all remedies available under applicable law.