Deepak Fertilizers And Petrochemicals Corporation Limited has informed regarding Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Income Tax Appellate Tribunal (ITAT) rules in favour of Mahadhan AgriTech Limited, Material Subsidiary of the Company

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

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.9%+5.4% vs market

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On the reaction day the stock moved 5.4 pts more than Nifty Smallcap 250 and 5.8 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Income Tax Appellate Tribunal (ITAT), Mumbai has ruled in favour of Mahadhan AgriTech Limited (MAL), a material subsidiary of Deepak Fertilizers, on income tax appeals for assessment years 2016-17 to 2020-21. The order was passed on 24th July 2025 and uploaded on 28th July 2025. This overturns earlier unfavourable orders from the Commissioner of Income Tax (Appeals), Mumbai, which were disclosed in April 2024. A miscellaneous application for AY 2015-16 rectification is still pending. The company notes that this favourable ruling validates their legal stand and is expected to lead to similar favourable outcomes in pending penalty appeals against MAL.

Likely market impact

Positive for shareholders — the ITAT win removes a significant tax litigation overhang on the material subsidiary, potentially saving the company from a large tax outflow and any related penalties, which could support earnings and cash flows going forward.