Income Tax Department imposes 4.11 lakh penalty on Cyient DLM
CYIENTDLM · price
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Cyient DLM informed exchanges that the Income Tax Department, Hyderabad, has levied a penalty of Rs 4,11,000 on the company. The penalty was imposed under Section 271FA of the Income-tax Act, 1961, for delayed filing of Form 61A under Section 285BA. The order was received on 06 August 2026. The company clarified the issue was operational in nature and has been addressed, with no significant impact on financial, operational, or other activities.
Minor one-time tax penalty with no significant operational or financial impact on the company.