NSEAction(s) initiated or orders passed2d ago · 29 Oct 2026, 04:33 pm
Action(s) initiated or orders passed
Snowman Logistics Limited · SNOWMAN
✦ AI SummaryRegulatory
Snowman Logistics Limited has received a rectification order from the Income Tax Department, reducing the penalty amount for Financial Year 2024-25 from INR. 2,06,56,802/- to INR. 1,72,14,000/-, resulting in a reduction of INR. 34,42,802/-.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Snowman Logistics Limited has informed the Exchange about Action(s) initiated or orders passed
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SNOWMAN8_29102026163254_Rectification_Intimation.pdf
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29th 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, and in furtherance to our intimation dated October
02,2026 we hereby inform that the Company has received a rectification order under Section 154 of the Income Tax
Act, 1961 dated October 16, 2026 (hereinafter referred to as “the Order”) over email on October 28, 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”)
(Deputy Commissioner of Income Tax, Central Circle-2(1),
Mumbai)
Date of receipt of direction or order, October 28, 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 had received a Demand Notice issued by the
order(s) passed Income Tax Department under section 270A (13) of the Act
for Financial Year 2024-25, for a sum of INR. 2,06,56,802/-
which was intimated to Stock Exchange earlier on October
02, 2026. The Company had filed an application under
section 154 and has received rectification order with the
revised demand being INR. 1,72,14,000/-.
Impact on financials, operation or other The Rectification Order has reduced the penalty amount
activities of the listed entity, quantifiable in from INR. 2,06,56,802/- to INR. 1,72,14,000/-, resulting in a
monetary terms to the extent possible reduction of INR. 34,42,802/-. Further, the Company has
already filed appeal against the penalty order before the
appropriate Authority and 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