Income tax demand of Rs 28.11 crore; company plans rectification and appeal

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EPIGRAL · price

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

-4.0%Reaction day

₹908.10

prior close

₹916.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Specialty Chemicals peers, median of 97sector-2.0%-2.0% vs sector

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Minutes after the announcementfrom the announcement price · no benchmark

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-4.0pendingpending-2.0-2.0

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 97Pending

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AI summary

Epigral received an income tax assessment order and demand notice of Rs 28.11 crore, including interest, for assessment year 2023-24 relating to financial year 2022-23. The company says the order is part of routine tax proceedings and has no financial or operational impact. It plans to file rectification and appeal within the prescribed timelines.

Likely market impact

No immediate impact is expected, but the disputed demand could hurt cash flow if it is ultimately upheld.