Amines & Plasticizers Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
AMNPLST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.8 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Amines & Plasticizers Limited has received Show Cause Notices from the Income Tax Department under Section 147 of the Income Tax Act for three assessment years (2013-14, 2014-15, and 2015-16), asking the company to justify the genuineness of commission payments made to selling agents during those years. The total disallowance amount mentioned in the notices is around Rs. 9.57 crore (Rs. 2.37 crore for AY 2013-14, Rs. 4.07 crore for AY 2014-15, and Rs. 3.13 crore for AY 2015-16), though this represents only the proposed expenditure disallowance and not the actual financial impact. The company, after taking legal advice, has already contested the notices with supporting documentary evidence. Management believes, based on preliminary assessment and legal counsel, that there will be no material impact on the company's financials or operations.
This is a routine tax compliance matter at the show-cause stage, and the company has already responded with supporting documents. Investors should not expect any immediate material financial hit, though they should watch for the final assessment outcome.