Enclosed herewith Update on Litigation- Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015.
DAICHI · price
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Awaiting price reaction for this filing.
Dai-ichi Karkaria Limited has received an order from the Income Tax Assessing Officer on January 7, 2026, giving effect to the ITAT's earlier ruling in favor of the company for Assessment Year 2017-18. The Income Tax Appellate Tribunal had ruled in the company's favor on June 30, 2025. As a result, the company will receive a refund of Rs. 8,47,704, which includes Rs. 6,53,890 in tax and Rs. 1,93,814 in interest. No penalty, restriction, or financial implication has been imposed on the company. The matter has now been effectively closed in the company's favor.
Positive for shareholders — the company won the tax dispute and will receive a refund, though the amount (Rs. 8.47 lakh) is small and unlikely to materially impact the stock price. It removes an overhang of uncertainty around the AY 2017-18 tax matter.