DCW gets favourable Income Tax order reducing liability by Rs 11.99 cr

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DCW · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹47.70

prior close

₹47.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-3.4% vs market

Petrochemicals peers, median of 12sector+1.5%-4.3% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 4.3 pts less than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.8

10m

-0.8

15m

-0.5

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8+0.6-3.4+1.5-4.3

Next day

-3.0+1.3-4.3+1.4-4.4

+0.6+1.7-1.1+2.1-1.4

-0.5+2.2-2.7+5.2-5.7

+0.9+2.1-1.2+4.5-3.5

-1.3+1.9-3.2+3.7-5.0

-5.9-1.3-4.5-1.8-4.1

15d

+2.3+1.3+1.0+1.1+1.2

-6.5-0.8-5.6-3.1-3.4

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UpDownMarket · Nifty Microcap 250Sector · Petrochemicals peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

DCW Limited received a favourable order from Commissioner of Income Tax Appeals covering 10 assessment years (2015-16 to 2024-25). The CIT(A) deleted several additions made by the Assessing Officer, reducing MAT credit by Rs 16.94 crores (from earlier Rs 28.93 crores). This favourable ruling cuts the company's tax liability by Rs 11.99 crores and lowers contingent liability by the same amount. The company plans to further appeal the remaining additions it considers untenable.

Likely market impact

Positive for DCW shareholders. Tax liability and contingent liability reduced by Rs 11.99 crores. Company plans further appeals on balance additions.