Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015
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Awaiting price reaction for this filing.
Diana Tea Company has received a penalty order of Rs. 5,18,960 from the Income Tax Department's Assessment Unit under Section 270A of the Income Tax Act, 1961 for Assessment Year 2023-24. The order was received on September 19, 2025, but the intimation to the stock exchange was delayed because the original email landed in the company's spam folder, with the Diwali period also slowing response. The company has filed an appeal in Form No. 35 on October 21, 2025 challenging the penalty, which is currently under process. Management has stated there is no material impact on the company's financials, operations, or other activities from this order in the current financial year.
The penalty amount is small relative to a listed company and the company has already filed an appeal, so the immediate financial hit is limited. Investors should note the delayed disclosure (acknowledged by the company) as a minor governance flag, though management confirms no material business impact.