Income tax penalty of Rs 79.66 lakhs for AY 2018-19, company to appeal

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

+0.9%Reaction day

₹127.28

prior close

₹127.56

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-0.7% vs market

Petrochemicals peers, median of 11sector+1.4%-0.5% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.5 pts less than its Petrochemicals 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

Stock

+0.7

10m

+0.4

15m

+0.1

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9+1.6-0.7+1.4-0.5

Next day

+0.6+1.5-0.9+2.3-1.7

+2.3+1.9+0.4+1.3+1.0

+2.6+3.2-0.6+3.4-0.9

+0.1+1.7-1.6+1.0-0.9

-0.8+2.0-2.7+1.5-2.3

-3.0+1.4-4.3-0.9-2.0

15d

-1.8-0.8-0.9-7.7+6.0

-8.2-2.5-5.6-6.1-2.1

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UpDownMarket · Nifty Microcap 250Sector · Petrochemicals peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bhansali Engineering Polymers received a penalty order of Rs 79.66 lakhs from the National Faceless Assessment Centre (NFAC) under Section 270A of the Income Tax Act for Assessment Year 2018-19. The penalty relates to deductions claimed on Research and Development expenses and other expenditure. The company states the order has no material impact on its financial position or operations, and it plans to file an appeal before CIT Appeals within the prescribed timeline.

Likely market impact

Small monetary penalty; company plans to appeal, management says no material effect on finances or operations.