Announced Wed, 1 Jul · 16:08 IST
Income tax appeals allowed, positive impact of about Rs 94 Cr
Regulatory & Legal View source PDF
ANIKINDS · 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
-2.9%1-day move
₹45.85
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.9-2.3-1.1-0.6-2.9-2.2-7.7———
Up moveDown movePending
AI summary
CIT(A) allowed Anik Industries' appeals against income tax assessment orders for 5 assessment years (2014-15 to 2019-20), received on 30 June 2026. Positive financial impact of INR 86.04 Cr (AY 2017-18), INR 4.91 Cr (AY 2015-16), INR 2.48 Cr (AY 2014-15), plus INR 7.80 lacs and INR 52.61 lacs for other years. Total benefit about Rs 94 Cr.
Likely market impact
Positive for shareholders; about Rs 94 Cr tax relief boosts earnings and may improve cash position.