Astron Paper & Board Mill Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Demand Notice For Wholly Owned Subsidiary'.
ASTRON · price
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Awaiting price reaction for this filing.
The wholly owned subsidiary of Astron Paper & Board Mill Limited, Balaram Papers Pvt. Ltd., has received a demand notice of Rs. 61,920 from the Income Tax Department under Section 156 of the Income-Tax Act, 1961. The demand relates to an assessment for Assessment Year 2021-22, linked to a past search and seizure action under Section 132 of the Income Tax Act. The notice was received on 12/03/2025. The company has stated there is no material impact on its financials, operations, or other activities due to this demand. The company is currently evaluating the notice to determine appropriate further action with the tax authorities.
The demand amount is very small (Rs. 61,920) and the company has explicitly stated there is no material financial or operational impact, so this is unlikely to have any meaningful effect on the stock price or shareholder value.