Please find enclosed intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
DAICHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dai-Ichi Karkaria Limited has filed an appeal before the Joint Commissioner in Baroda, Gujarat on 1st April 2025. The appeal challenges a tax order of Rs. 2.17 crores (including interest and penalty) issued by the Assistant Commissioner in Bharuch on 2nd January 2025 under Section 73(9) of the CGST Act. This is a continuation of an earlier disclosure dated 6th January 2025 about the same matter. The company is contesting the tax demand through the appellate process.
The Rs. 2.17 crore tax demand is relatively small for the company, and filing an appeal is a routine step to contest it. Short-term impact on the stock is likely limited unless the appeal is also rejected, which could then raise the financial risk.