Gillanders Arbuthnot & Company Limited has informed the Exchange about Action(s) initiated or orders passed

GILLANDERS · price

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

Price reaction · full curve 14 horizons · vs prior close

+2.4%1-day move

₹80.00

prior close

₹77.13

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0-0.0+0.0+2.4+7.4+6.9+8.8+7.5+13.3+15.0+13.9+17.3+13.8

Up moveDown movePending

AI summary

Gillanders Arbuthnot has received a demand notice from the Income Tax Department's Assessment Unit under section 156 of the Income Tax Act, 1961, for a sum of ₹1,24,85,560 (approximately ₹1.25 crore) related to Assessment Year 2017-18. The company has stated that this amount is not material to its overall financials or operations. The company believes the demand is not tenable and plans to file a reply or appeal before the relevant authority within the prescribed timeline. The company does not expect any material financial outflow on this account.

Likely market impact

Minimal impact expected for shareholders, as the company has termed the demand as not tenable and the amount is not material to overall operations. The stock is unlikely to see significant movement, though investors should watch for updates on the appeal outcome.