Income Tax demand of Rs 21.51 crore for AY 2024-25

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+0.5% vs market

Commodity Chemicals peers, median of 52sector-1.0%+1.3% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Smallcap 250 and 1.3 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

Income Tax CPC, Bengaluru raised a demand of Rs 21.51 crore under section 143(1) for AY 2024-25. The order raised declared income by Rs 10.34 crore and did not allow TDS credit of Rs 14.33 crore plus TCS of Rs 2.80 lakh. No contravention alleged and company says financial impact is none. Assessment proceedings will close by 31 March 2026 and the company will seek clarification.

Likely market impact

Company disputes the demand and will seek clarification. No material impact claimed, but Rs 21.51 crore is at stake if unresolved.