Announced Wed, 1 Apr · 21:50 IST
Income Tax demand of Rs. 13.69 cr for AY 2023-24; company to appeal
Regulatory & Legal View source PDF
ADOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹893.00
prior close
₹890.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.5-1.8-1.5-3.7-4.8-2.6-1.7+0.4+7.5+13.7+19.4+24.3+44.5
Up moveDown movePending
AI summary
Ador Welding received a tax demand of Rs. 13.69 crore for AY 2023-24 after Rs. 5.23 crore was added to its returned income under Section 143(3) read with 144B. The company disagrees, citing computational errors, incorrect MAT application, and short-granted TDS/TCS credits. It will appeal before NFAC, file a rectification, and respond to a penalty show cause notice. Company believes the demand is not sustainable and expects no material financial impact.
Likely market impact
Tax dispute with uncertain outcome; company confident of winning appeal, but a negative ruling could hurt financials. Near-term overhang on stock.