Hindustan Unilever Limited (HUL) has disclosed the receipt of an Assessment Order under the Income Tax Act, 1961, along with a demand notice for ₹1,559.69 crore. The communication was received from the Assistant Commissioner of Income Tax, Central Circle 5(2), Mumbai, on January 7, 2026.

The tax authorities have made transfer pricing adjustments, challenging payments to related parties and their valuation, similar to the previous financial year. Additionally, corporate tax adjustments related to depreciation claims have been made. This order pertains to the financial year 2021-22 (Assessment Year 2022-23).

HUL stated that there is no material impact on its financial, operational, or other activities due to this order. The company intends to file a necessary appeal with the appellate authority within the permissible timeline.