NSEGeneral Updates4d ago · 18 Sept 2026, 03:25 pm
General Updates
Kaveri Seed Company Limited · KSCL
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Kaveri Seed Company Limited has received a notice of hearing from the Income Tax Appellate Tribunal, Hyderabad Benches, regarding an appeal filed by the Income Tax Department against the order passed by the Hon'ble Commissioner of Income Tax (Appeals) for the Assessment Year 2022-23. The matter is scheduled for hearing on 15th October 2026.
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Full Announcement
Kaveri Seed Company Limited has informed the Exchange about General Updates on the Company has received a Notice of Hearing in Appeal No.ITA2422/Hyd/2026 filed by the Income Tax Department before the Income Tax Appellate Tribunal, Hyderabad Benches against the order passed by the Hon'ble Commissioner of Income Tax (Appeals) for the Assessment Year 2022-23.
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keveni seed company limiEed
18ft September 2026
To koveri seedf
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5ft Floor, 1st Floor, New Trading Ring,
Plot No.C /1, G Block, Rotimda Building,
Bandra Kurla Complex, Bandra (E), P.J. Towers, Dalal Street,
Mumbai-400 051 Mumbai - 400 001
Scrip Code: KSCL Scrip Code: 532899
Dear Sir/Madam,
Sub:- Intimation of Receipt of Notice of Hearing from the Income Tax Appellate
Tribunal, Hyderabad Benches - Regulation 30 of SEBI (LODR) Regulations,
2015 - reg.
pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, this is to inform that the Company has received a
Noiice of Hearin[ i" eppeal No. rTA2422/Hyd/2026 filed by the Income Tax
Department befori the Income Tax Appellate Tribunal (ITAT), Hyderabad, against
the order passed by the Hon'ble Commissioner of Income Tax (Appeals) for the
Assessment year 20;22-23. The matter is scheduled for hearing on 15ft october 2026.
As previously disclosed, the Income Tax Authorities raised demand of
for the Assessment Year 2022'23 primarily on account of
Rs.56,21.,17,500/-
disallowance of exemption claimed by the Company on agricultural income'
Subsequently, the Hon'Lle Commissioner of Income Tax (Appeals), vide order dated
7th April 2026, allowed the Company's and held the said income to be
-claim.
Agricultural Income thereby deleting the aforesaid demand.
This disclosure is in continuation of the Company's earlier intimations dated 08ft
April 2026 regarding receipt of the Demand Notice and receipt of the Appellate
Order, respectivelY.
The Company is evaluating the notice and shall take all necessary steps to defend
the mattei before the Hon'ble Tribunal'
The details as required under the sEBI Circular are enclosed as Annexure
Kindly take the same on record'
Thanking you,
Yours faithfullY,
KAVERI SEED COMPANY LIMITED SECt,ltDERABAD
V.SREELATHA
COMPANY SECRETARY & COMPLIANCE OFFICER
Encl: af a.
Regd. Office #1-7-36 to 42, Sardar Patel Road, Secunderabad-500003, Telangana, lndia
Tel : +91 -40-2784 2398, 2784 2405 Fax : +91 -40-2781 1237 e-mail : info @ kaveriseeds.in
CIN : 101 120TG1986P1C006728
www kaveniseeds in
kaveni aeed company limiEed
Continuation Sheet
Annexure
Disclosure by Kaveri Seed Company Limited regarding receipt of communication
from regulatory, stafutory, enforcement or judicial authority under the securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Sr. Particulars Details
1 Name of the listed Company Kaveri Seed Com Limited
2. Name of the authoritY Income Tax Appellate Tribunal,
H derabad Benches
Nature and details of the Receipt of Notice of Hearing in Appeal
action(s) takery initiated or No. lTA2422/Hyd/2026 dated 18th
order(s) passed September 2026 filed by the Income Tax
Department against the order of the
Commissioner of Income Tax (Appeals)
lor 2022-23.
4 Date of receipt of direction
or order, including anY ad-
interim or interim orders, or 18ft September 2026 (date of receipt of
any other communication Notice)
from the authori
Details of the The appeal pertains to the Tax demand
violation(s) / contravention(s) raised by the Income Tax Department
committed or alleged to be primarily on account of disallowance of
committed exemption claimed on agricultural income
for 2022-23.
Impact on financial, The tax demand involved in the matter is
operation or other activities Rs.56,21,,17,500/-. The Commissioner of
of the listed entitY, Income Tax (Appeals) had allowed the
quantifiable in monetary Company's claim and deleted the demand.
terms to the extent Possible The matter is now under Appeal before
the ITAT by the Income Tax Department.
The Company believes it has a strong case
on merits and does not exPect any
material adverse im t at this s
SECUI{DERISAD