ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Blenders and Distillers Limited announced that its wholly owned subsidiary, ABD Dwellings Private Limited, received a favorable order from the Commissioner of Income-tax (Appeals) on April 22, 2026. The entire income-tax liability of Rs. 16,16,16,000 (approximately Rs. 161.6 million) has been reduced to zero. This is a positive development as the subsidiary successfully appealed the original tax demand. The order was received at 11:02 PM IST on April 22, 2026.
This is a positive outcome for shareholders as the company has eliminated a significant tax liability of over Rs. 161 million, strengthening the subsidiary's and potentially the parent company's financial position.