Dhanuka Agritech gets entry tax demand of about Rs 15 Crore from Haryana

Regulatory & Legal View source PDF Explain this filing

DHANUKA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+7.7%Reaction day

₹1056.00

prior close

₹1065.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.6%+5.1% vs market

Pesticides & Agrochemicals peers, median of 25sector+2.2%+5.5% vs sector

On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 5.5 pts more than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.0

10m

+3.7

15m

+4.2

30m

+3.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.7+2.6+5.1+2.2+5.5

Next day

+8.4+3.6+4.8+3.9+4.5

+7.6+3.1+4.5+1.2+6.3

+8.0+2.6+5.4+0.2+7.7

+6.9+1.1+5.8-1.2+8.2

+4.9+0.3+4.6-0.3+5.2

+6.1+1.6+4.5-0.9+7.0

15d

-4.3-3.9-0.3-6.6+2.4

-7.9-8.1+0.2-12.6+4.6

-3.9-3.1-0.8-11.7+7.8

+1.3+9.2-7.8-0.8+2.1

UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Dhanuka Agritech has received entry tax demand orders worth about Rs 14.96 Crore from the Excise and Taxation Department, Gurugram for FY 2015-16 (Rs 11.95 Crore), FY 2016-17 (Rs 0.06 Crore) and FY 2017-18 (Rs 2.95 Crore). The orders relate to alleged non-payment of entry tax under the Haryana Act, 2008. The company says the demands are not maintainable and plans to file a writ petition. It does not expect any material impact on its financials or operations.

Likely market impact

Tax dispute of about Rs 15 Crore. Company is contesting, no expected material impact. Monitor writ outcome.