Finolex Industries Limited has informed the Exchange about Action(s) taken or orders passed
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.4 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Finolex Industries has received a penalty order of ₹18.02 lakhs from the Income Tax Department under Section 271(1)(c) of the Income Tax Act, 1961, for Assessment Year 2016-17. The penalty relates to the disallowance of expenditure claimed under Section 14A read with Rule 8D, which pertains to expenses incurred in earning tax-exempt income. The order was dated September 29, 2025, and received by the company on September 30, 2025. The company has stated there is no material impact on its operations or financial activities and is in the process of filing an appeal against the order.
The penalty amount of ₹18.02 lakhs is negligible relative to the company's size and will not meaningfully affect financials. The company's decision to appeal suggests it believes the order can be reversed, so investors should not see this as a significant negative signal.