NSEGeneral Updates1h ago · 26 Sept 2026, 12:15 pm
General Updates
Oracle Financial Services Software Limited · OFSS
✦ AI SummaryRegulatory
Oracle Financial Services Software Limited has informed the Exchange about General Updates, specifically receiving penalty orders from the Income Tax Department under section 271(1)(c) of the Income-tax Act, 1961, imposing a penalty of Rs. 61,025,681/- for AY 2009-10 and Rs. 31,965,125/- for AY 2011-12.
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Full Announcement
Oracle Financial Services Software Limited has informed the Exchange about General Updates
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OFSS_26092026121451_IntimationtoSEunderReg30Sept262026.pdf
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Oracle Financial Services Software Limited Oracle Park phone +91 22 6718 3000
Off Western Express Highway fax +91 22 6718 3001
Goregaon (East) oracle.com/financialservices
Mumbai, Maharashtra 400063
India
September 26, 2026
To, To,
Asst. Vice President Asst. General Manager
Listing & Compliance Listing & Compliance
National Stock Exchange of India Limited BSE Ltd.
Exchange Plaza 1st Floor, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex Dalal Street,
Bandra (East) Mumbai 400 001
Mumbai 400 051
Scrip Code – OFSS Scrip Code – 532466 (OFSS)
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Dear Sir,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we hereby inform you that the Company has received orders passed by
the Income Tax Department, National Faceless Penalty Centre, the details of which are
provided in Annexure A.
This is for the information of the exchange and the members.
We request you to take note of the above.
Yours sincerely,
For Oracle Financial Services Software Limited
Onkarnath Banerjee
Company Secretary & Compliance Officer
Membership No. ACS8547
Registered Office: Oracle Park, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra 400063, India
CIN: L72200MH1989PLC053666
Annexure A
Sr. Particulars Details
1. Name of the Authority Income Tax Department, National Faceless
Penalty Centre
2. Nature and details of the The Company has received penalty orders from
action(s) taken, initiated or order(s) passed the Income Tax Department under section
271(1)(c) of the Income-tax Act, 1961, imposing
a penalty of Rs. 61,025,681/- for AY 2009-10 and
Rs. 31,965,125/- for AY 2011-12 in relation to
alleged furnishing of inaccurate particulars of
income.
3. Date of receipt of direction or order, including any September 24, 2026
ad-interim or interim orders, or any other
communication from the authority
4. Details of the violation(s) / contravention(s) Refer point 2 above
committed or alleged to be committed
5. Impact on financial, operation or other activities of Based on the Company’s assessment, the
the listed entity, quantifiable in monetary terms to Company believes that the penalty orders are
the extent possible not sustainable and is taking necessary steps to
appeal against the orders before the appropriate
Authority. The Company is hopeful of a
favourable outcome at the appellate level.
Accordingly, the Company believes that there
will be no impact on its financials, operations or
other activities due to these orders.
6 Explanation for delay in disclosure Upon receipt of the orders, the Company was in
the process of reviewing the orders, verifying the
relevant details and determining the appropriate
course of action.