Anuh Pharma gets Income Tax demand of Rs 78.29 lakh for AY 2020-21

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Price reactionminutes from the announcement price · days from the prior close

+3.5%Reaction day

₹71.52

prior close

₹72.99

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+1.9% vs market

Pharmaceuticals peers, median of 156sector+1.2%+2.3% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 156Pending

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AI summary

Income Tax Department passed an assessment order for AY 2020-21 under Sections 143(3), 263 and 144B, creating a tax demand of Rs 78,28,793 including interest due to disallowance of certain deductions claimed by the company. Anuh Pharma plans to file an appeal before higher appellate forums within prescribed timelines and says it has strong factual and legal grounds to substantiate its position. Company states there is no impact on financial, operations or other activities.

Likely market impact

Tax demand of about Rs 78.29 lakh is small; company will appeal and expects no material impact on operations or financials.