BSECompany Update17h ago · 2 Oct 2026, 08:17 pm
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Snowman Logistics Ltd · 538635
✦ AI Summary▼ NegativeRegulatory
Snowman Logistics Ltd has received a demand notice from the Income Tax Department for an amount of Rs 2,06,56,802 for under-reported income for Assessment Year 2024-25. The company believes that the penalty orders are not sustainable and is taking necessary steps to appeal against the orders before the appropriate Authority.
Analysis Scores
Earnings Impact2/10
Growth Catalyst5/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment4/10
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Snowman Logistics Ltd - 538635 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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SNOWMAN ®
2nd October, 2026
The General Manager, The Manager,
Department of Corporate Services Department of Corporate Services
National Stock Exchange of India Limited BSE Limited
Exchange Plaza Floor 25, Phiroze Jeejeebhoy Towers,
Plot No. C/1, G Block, Bandra Kurla Complex, Dalal Street, Mumbai
Bandra, Mumbai – 400 051 Mumbai – 400 001
NSE Symbol: [SNOWMAN] Scrip Code: 538635
Equity ISIN: INE734N01019
Sub: Disclosure under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘Listing Regulations’)
Dear Sir/ Madam,
Pursuant to Regulation 30 read with Sub-para (20) of Para (A) of Part (A) of Schedule III of SEBI (Listing Obligations
and Disclosures Requirements) Regulation 2015, as amended, we hereby submit the disclosure regarding the Notice
of Demand dated 30-September-2026 (hereinafter referred to as “the Order”) received by Snowman Logistics
Limited (‘the Company’) over e-mail on 02-October-2026 from Income Tax Department for Assessment Year
2024-25.
The details required under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No.
HO/49/14/14/(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended from time to time) are
enclosed as Annexure – A.
Please take the same on record.
Thanking you
For Snowman Logistics Limited
Richa Gupta
Company Secretary &
Compliance Officer
Membership No. A-56523
Encl. as above
Snowman Logistics Ltd.
Corporate office: Wing B of 4th Floor, Prius Platinum, Saket District Centre, Saket, New Delhi – 110017.
CIN: L15122MH1993PLC285633 T 011 4055 4500
Regd. Office: Plot No. M-8, Taloja Industrial Area, MIDC, Raigad, Navi Mumbai, Maharashtra -410206
T +91 22 39272004 E info@snowman.in W www.snowman.in
Annexure-A
Particulars Remarks
Name of the Authority Income Tax Department (“Authority”)
(Office of the Additional Commissioner of Income Tax
Central Circle 2(1), Mumbai)
Date of receipt of direction or order, 02-October-2026
including any ad-interim or interim orders,
or any other communication
from the authority
Nature and details of the action(s) taken or The Company received demand notice from Income Tax
order(s) passed Department under Section 156 of the Income Tax Act, 1961
(“Act”), for an amount aggregating to Rs 2,06,56,802/-
(“Demand”) being the penalty under section 270A(13) of
the Act, regarding the under-reported income for
Assessment Year 2024-25.
Impact on financials, operation or other Based on the Company’s assessment, the Company
activities of the listed entity, quantifiable in believes that the penalty orders are not sustainable and is
monetary terms to the extent possible 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 is no impact on the financials,
operations or other activities of the Company.
Snowman Logistics Ltd.
Corporate office: Wing B of 4th Floor, Prius Platinum, Saket District Centre, Saket, New Delhi – 110017.
CIN: L15122MH1993PLC285633 T 011 4055 4500
Regd. Office: Plot No. M-8, Taloja Industrial Area, MIDC, Raigad, Navi Mumbai, Maharashtra -410206
T +91 22 39272004 E info@snowman.in W www.snowman.in