Announced Tue, 14 Jul · 21:31 IST
Income tax penalty orders upheld; company to appeal
Regulatory & Legal View source PDF
CHAMBLFERT · 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
+0.4%1-day move
₹455.05
prior close
₹455.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.4-0.1+0.0+0.4-0.2-2.6-3.6-4.3-5.3————
Up moveDown movePending
AI summary
Chambal Fertilisers received two orders from Commissioner of Income-tax (Appeals) on July 13, 2026, upholding penalties of Rs 58.28 lakh and Rs 1.35 crore under section 270A of the Income Tax Act for disallowance of Education Cess. The company says these will not impact operations materially beyond the penalty amounts. It plans to challenge both orders at the appropriate authority, citing a strong case on merits.
Likely market impact
Minor financial hit, total penalty about Rs 1.93 crore. Company will appeal, no material operational effect expected.