SMSPHARMA2026-10-31SMSPHARMA2026-10-31ActionsTakenOrOrdersPassedDomain1SMSPHARMA2026-10-31ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain1SMSPHARMA2026-10-31SignatoriesDomain1xbrli:pureSMSPHARMASMS PHARMACEUTICALS LIMITED532815NOTLISTEDINE812G01025NewAction(s) taken or orders passed (sub-para 20)false2026-10-3019:00:002026-10-31Any other similar action(s)Order under Section 250 of the Income Tax Act 1961Statutory AuthorityCommissioner of Income Tax (Appeals), National Faceless Appeal Centre, Income Tax Department, Delhi1Listed Entity (Self)SMS PHARMACEUTICALS LIMITEDOrder under Section 250 of the Income Tax Act 1961Order under Section 250 of the Income Tax Act 1961, dismissing the Company’s appeal filed against the assessment order passed under Section 147 read with Section 144B of the Income Tax Act, 1961 for the Assessment Year 2018-19.2026-10-30A Notice of Demand dated 30th March, 2026 under Section 156 of the Income Tax Act 1961 issued and raised demand of Rs.7.19 Crores for the Assessment Year 2018-19. The Assessment Unit has passed an assessment order under Section 147 read with section 144B of the Income Tax Act, 1961 for Assessment Year 2018-19, by addition of income and disallowance of deduction u/s 35 of the Act. Further, penalty proceedings u/s 270A is initiated separately for under reporting of income. The Company has filed a rectification application before the Income Tax Department, and the company had received rectification order dated 28th April, 2026 under Section 154 of the Income Tax Act, 1961, wherein the tax demand has been reduced to Rs.40.28 lakhs from Rs. 7.19 crores. Upon filing an appeal against the aforesaid Assessment Order before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, the Company has received the appellate order dated 30th October, 2026, passed under Section 250 of the Income Tax Act, 1961, whereby the appeal filed by the Company has been Dismissed.For the Assessment Year 2018-19There will not be any material impact on the financial, operational and other activities of the Company.A Notice of Demand dated 30th March, 2026 under Section 156 of the Income Tax Act 1961 issued and raised demand of Rs.7.19 Crores for the Assessment Year 2018-19. The Assessment Unit has passed an assessment order under Section 147 read with section 144B of the Income Tax Act, 1961 for Assessment Year 2018-19, by addition of income and disallowance of deduction u/s 35 of the Act. Further, penalty proceedings u/s 270A is initiated separately for under reporting of income. The Company has filed a rectification application before the Income Tax Department, and the company had received rectification order dated 28th April, 2026 under Section 154 of the Income Tax Act, 1961, wherein the tax demand has been reduced to Rs.40.28 lakhs from Rs. 7.19 crores. Upon filing an appeal against the aforesaid Assessment Order before the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, the Company has received the appellate order dated 30th October, 2026, passed under Section 250 of the Income Tax Act, 1961, whereby the appeal filed by the Company has been Dismissed.NANAThe Company is reviewing the appellate order and assessing the appropriate further course of action in accordance with the applicable legal provisions.Thirumalesh TummaCompany Secretary2026-10-31Hyderabad