Dalmia Bharat Sugar and Industries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
DALMIASUG · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 2.2 pts less than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dalmia Bharat Sugar and Industries has informed the exchanges about an income tax assessment order received on May 21, 2025, for Assessment Year 2022-23, involving disallowances and additions amounting to Rs. 55.73 Crore, primarily under Section 80-IA of the Income Tax Act. The company has filed an appeal before the Commissioner of Income Tax (Appeals) contesting these additions after seeking advice from tax and legal experts. The opposing party is the National Faceless Assessment Center, Income Tax Department. The company has stated it expects to receive relief at the CIT(A) stage. The company has not disclosed any expected financial implication or claimed any specific quantum as a counterclaim.
This is a tax dispute of Rs. 55.73 Crore which, if the appeal fails, could impact the company's financials. However, since the company is actively contesting and expects relief, the near-term impact is limited. Investors should monitor the outcome of the CIT(A) appeal as an adverse ruling could pressure earnings.