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