Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Action(s) taken or orders passed
DEEPAKFERT · price
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Deepak Fertilizers has received a demand order from the Superintendent, CGST & Central Excise (Bharuch) on 11th March 2026. The order disallows input tax credit claimed by the company, raising a total demand of Rs. 26.76 lakh, split equally between tax (Rs. 13.38 lakh) and penalty (Rs. 13.38 lakh), with no interest component. The company states there is no violation and that the credit was wrongly treated as ineligible. The company considers the demand not tenable and plans to challenge it before an appropriate appellate forum. Management has confirmed there is no material financial or operational impact from this order.
The demand amount is small (under Rs. 27 lakh) relative to the company's size and management has stated no material impact on financials or operations. Shareholders should monitor the appeal outcome, but near-term effect on the stock is expected to be minimal.