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 2.7 pts more than Nifty Smallcap 250 and 2.6 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
The company's wholly owned subsidiary Mahadhan AgriTech Limited (MAL) received an order from the Assistant Commissioner, CGST & Central Excise, Division V, Raigad, raising a total demand of Rs. 54,88,146. This includes tax of Rs. 27,44,073, applicable interest, and an equal penalty of Rs. 27,44,073. The demand arose due to disallowance of CENVAT Credit. The order was passed on 25th March 2026 and received by the company on 20th April 2026. The company states there is no material impact on its financials, operations, or other activities. MAL intends to challenge the order at an appropriate appellate forum, considering the demand not tenable.
The penalty amount is relatively small for a listed company and management claims no material impact. However, it signals a tax compliance issue at the subsidiary level. The company's intent to appeal means this may not be the final outcome.