Orders imposing Rs. 57,73,96,732 aggregate penalty received from Income-tax Department

Emcure received orders from the Income-tax Department imposing an aggregate penalty of Rs. 57,73,96,732 for FY2014-15 to FY2020-21 (AY 2015-16 to AY 2021-22).

Fri 2 Oct 2026

Aggregate Penalty Imposed

Rs. 57,73,96,732

Period Covered

FY2014-15 to FY2020-21 (AY 2015-16 to AY 2021-22)

Issuing Authority

Income-tax Department

Company Stated Action

evaluating appropriate legal remedies, including update an appeal before the Appellate Authority

What the update says

• The company has received various orders from the Income-tax Department imposing an aggregate penalty of Rs. 57,73,96,732.
• These orders relate to Financial Year 2014-15 to Financial Year 2020-21, that is, Assessment Year 2015-16 to Assessment Year 2021-22.
• The opposing party named is the Deputy Commissioner of Income tax, Central Circle 2 (1) - Pune (Income-tax Department).
• The date of initiation of the litigation / dispute is stated as December 27, 2023.
• The current status of the litigation / dispute is stated as per the disclosure made in the Integrated Governance Report shared for the quarter ended June 30, 2026.

What the company says it will do

• The company is in the process of evaluating appropriate legal remedies, including update an appeal before the Appellate Authority.

How a reader can look at this

• The single figure to note is the aggregate penalty of Rs. 57,73,96,732, spanning the assessment years mentioned above.
• This is a set of orders received, and the company has stated its intention to evaluate remedies including an appeal; the route and outcome of that process will be the follow-up to track.
• The update also refers to an Annexure A containing the details required under Part A of Schedule III, which names the opposing party and sets out the status points above.

In simple terms: a tax authority has imposed a penalty, the company has disclosed it and says it is looking at legal options, including an appeal. Investors may want to follow the appeal-related updates for how this amount is eventually dealt with.

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