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SAGILITY receives Income Tax order for AY 2022-23 with demand of ₹351.3 million

Sagility Limited has received an order from the Income Tax Department for the assessment year 2022-23, resulting in a tax demand of ₹351.3 million (including interest). The Income Tax Authority made transfer pricing and other adjustments in the returned income of AY 2022-23 to the extent of ₹1,079.9 million. The company believes the demand is not maintainable and plans to appeal before the Income Tax Appellate Tribunal. Sagility states that the assessment order has no material impact on the financials, operations, or other activities of the company.