Income tax penalty of about Rs 96.86 lakh upheld in appeal

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CHAMBLFERT · price

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

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₹451.50

prior close

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Nifty Smallcap 250market-0.1%+0.1% vs market

Fertilizers peers, median of 21sector+0.2%-0.2% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Smallcap 250 and 0.2 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Fertilizers peers, median of 21Pending

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AI summary

Income tax appellate authority upheld a penalty of Rs 96.86 lakh against Chambal Fertilisers under Section 271(1)(c) of the Income Tax Act. The penalty relates to disallowance of provision for diminution in value of investments and expenses on construction of an anicut. The order was received on August 7, 2026. Company says there is no material impact on operations and plans to challenge the order before the appropriate authority.

Likely market impact

Minor financial impact of about Rs 96.86 lakh in penalty. Company plans to appeal further. No material effect on operations.