Deepak Fertilizers And Petrochemicals Corporation Limited has informed regarding intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Commissioner of Income Tax (Appeals), Mumbai rules in favour of the Company w.r.t. AY 2013-14 and AY 2014-15.
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The Commissioner of Income Tax (Appeals), Mumbai has ruled in favour of Deepak Fertilizers in two appeals filed against tax disallowances made by the assessing officer for Assessment Years 2013-14 and 2014-15. As a result, the tax demand of Rs. 20.52 Crores for AY 2013-14 and Rs. 45.66 Crores for AY 2014-15 will be dropped, totaling a relief of around Rs. 66.18 Crores. The order was received on 26th August 2025 and disclosed to the exchanges on 27th August 2025.
This is a positive development for shareholders as it removes a combined tax demand of roughly Rs. 66 Crores, easing the company's contingent liability and supporting future cash flows. The outcome may also lift some overhang on the stock, though the actual impact depends on whether the income tax department chooses to appeal further.