Globus Spirits Limited announced that the Company has received demand notices from the Income Tax Department in culmination of income tax proceedings initiated against the Company as already informed to the Exchange vide letter dated 6th February'2023 raising arbitrary demands of INR 350 million. The Board of Directors took note vide their circular resolution passed on 30th April 2024 and the company has decided to challenge the arbitrary demands raised in their entirety and is optimistic on achieving a positive outcome.