5442882026-07-255442882026-07-25ActionsTakenOrOrdersPassedDomain15442882026-07-25ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15442882026-07-25SignatoriesDomain1xbrli:pureBLACKBUCKBLACKBUCK LIMITED544288NOTLISTEDINE0UIZ01018NewAction(s) taken or orders passed (sub-para 20)false2026-07-2412:03:002026-07-25Any other similar action(s)Order passed by the appellate authority dropping the penalty under Section 270A of the Income-tax Act, 1961.Statutory AuthorityAssessment Unit, Income Tax Department, Ministry of Finance, Government of India1Listed Entity (Self)BLACKBUCK LIMITEDVia E-mailThe Income Tax Authority has passed an order under Section 270A of the Income-tax Act, 1961, dropping the penalty proceedings initiated against the Company for Assessment Year 2018-19 and determining the penalty at Rs. Nil, consequent upon the deletion of the underlying quantum addition by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC).2026-07-24For AY 2018-19, an addition of Rs. 10,30,00,000/- was made towards disallowance of ESOP expenditure claimed under Section 37(1) of the Income-tax Act, 1961, vide assessment order dated June 1, 2021 passed under Section 143(3) r.w.s. 144B, pursuant to which penalty proceedings under Section 270A were initiated. The CIT(A)/NFAC, vide order dated March 9, 2026, deleted the said addition, relying on Biocon Ltd. vs. DCIT [2020] 121 taxmann.com 351 (Kar.). Consequently, vide order dated July 24, 2026, the penalty proceedings have been dropped and the penalty determined at Rs. NIL.Assessment Year 2018-19.The said order is favourable with no adverse financial impact on the Company.The communication pertains to the alleged non-compliance under Section 270A of the Income-tax Act, 1961, in respect of which penalty proceedings were initiated by the Income Tax Authority. The appellate authority has subsequently passed an order deleting the penalty, resulting in Nil liability for the Company.Penalty proceedings under Section 270A have been dropped in full and penalty has been determined at Rs. NIL.The penalty proceedings initiated under Section 270A of the Income-tax Act, 1961 for Assessment Year 2018-19 have been dropped by the Income Tax Department and the penalty amount has been determined as ₹ Nil.The Company has taken the order on record. No further action is required as the underlying matter stands concluded in the Company's favour.Barun PandeyCompany Secretary & Compliance Officer2026-07-25Bengaluru