Amines & Plasticizers Limited has informed the Exchange about receipt of Income-Tax Assessment Orders passed by the Income Tax Department for Assessment Year 2014-15 and 2015-16 and receipt of Show Cause Notices in connection with the aforesaid Assessment Orders.
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Amines & Plasticizers Limited has received Income Tax Assessment Orders from the Income Tax Department for Assessment Years 2014-15 and 2015-16, raising a total demand of about Rs. 8.8 crore (Rs. 3.41 crore for AY 2014-15 and Rs. 5.40 crore for AY 2015-16), which includes a large chunk of interest. The company has also received Show Cause Notices for penalty under Section 271(1)(c) of the Income Tax Act for both years, though the penalty amount has not been quantified yet. This is a follow-up to the company's earlier intimation dated February 27, 2026, where similar notices for AY 2013-14, 2014-15 and 2015-16 were first reported. The company plans to file an appeal against the assessment orders and contest the penalty notices with documentary evidence, based on legal advice.
The combined tax demand of roughly Rs. 8.8 crore (plus potential unquantified penalties) is not trivial for a small-cap company, but management states it does not foresee any material impact on financial, operational, or other activities. Near-term stock sentiment may be mildly negative, though the appeal process and the company's confidence in contesting the orders could limit downside if successful.