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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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.