Snowman Logistics Limited has disclosed receiving a demand notice from the Income Tax Department dated September 30, 2026, for an amount of Rs 2,06,56,802, representing a penalty under Section 270A(13) of the Income Tax Act, 1961, related to under-reported income for Assessment Year 2024-25. The company believes the penalty orders are not sustainable and intends to appeal the decision, anticipating a favorable outcome and asserting that the matter will have no material impact on its financials, operations, or other activities.