Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Action(s) taken or orders passed
DEEPAKFERT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts less than Nifty Smallcap 250 and 3.7 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The company's wholly owned material subsidiary, Mahadhan AgriTech Limited (MAL), received an order from the Assistant Commissioner of Commercial Taxes (Audit), Bangalore, raising a total demand of Rs. 1.84 crore (Rs. 1.04 crore tax + Rs. 69.39 lakh interest + Rs. 10.78 lakh penalty). The tax department disallowed input tax credit claimed by MAL on the grounds that it was not reflected in GSTR2A. The company states there is no violation or contravention and no material impact on its financials or operations. MAL plans to challenge the order in appeal, calling it not legally tenable.
Minor in nature — the demand of Rs. 1.84 crore is small relative to the company's size and the company says it will not affect operations or financials. Shareholders should watch the appeal outcome, but near-term impact on the stock is likely limited.