Ambika Cotton Mills Limited has informed the Exchange about Action(s) taken or orders passed - Assessment Order Passed U/S 143(3) Dt. 29.03.2026 For AY 2024-25 Demand Raised Rs. 4524490/- Copy Of Order Received On29.03.2026, Sunday, Through E-Mail Dt. 9.15 PM
AMBIKCO · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.8 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Income Tax Department has passed an assessment order for Assessment Year 2024-25 raising a tax demand of Rs. 45,24,490 on Ambika Cotton Mills. The demand stems from disallowance of Rs. 1.76 crore in expenditure treated as royalty or technical fees, plus Rs. 3.83 lakh in other miscellaneous disallowances. The company disagrees with the assessment, stating it is a matter of legal interpretation and contrary to the jurisdictional High Court's decision. The company will file an appeal before CIT (Appeals) within the stipulated time. Management has stated there is no material impact on the company's financial position, operations, or other activities.
The tax demand is relatively small (Rs. 45.24 lakhs) compared to a typical mid-sized cotton mill's operations, and the company asserts no material financial impact. The dispute is on legal interpretation grounds and is appealable, so near-term share price impact is expected to be limited, though investors should monitor the appeal outcome.