Sterlite Technologies Limited (STL) on January 1, 2026, informed stock exchanges that it has received an income tax demand order of ₹36.83 crore from the Assessment Unit of the Income Tax Department.
In a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company said the order was issued on December 31, 2025, under Section 143(3) read with Sections 144C(13) and 144B of the Income-tax Act, 1961.
Details of the Income Tax Order
According to STL, the demand relates primarily to transfer pricing and other tax adjustments. These include adjustments linked to intragroup services such as marketing, HR, administrative and software development services availed from overseas related parties. The order also covers adjustments related to interest on loans and advances, corporate guarantees, recovery of Standby Letter of Credit (SBLC) fees, and interest on outstanding receivables.
The company clarified that the matter does not involve any violation of law but arises from a difference in interpretation of tax provisions.
No Immediate Financial Impact
Sterlite Technologies said the demand order is appealable and added that it has strong legal grounds supported by favourable precedents in similar cases. The company plans to file an appeal before the Income Tax Appellate Tribunal (ITAT) within the stipulated 60-day period.
“The demand order amounts to ₹36.83 crore. However, there is no immediate financial impact, as the Company will be filing an appeal against the said order,” STL said in its filing.
Company Response
The management reiterated that the tax demand does not impact the company’s ongoing operations and expressed confidence in a favourable outcome through the appellate process.
