Court levies Rs 64.39 lakh stamp duty on Grasim in 2002 BTA case

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₹2830.60

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On the reaction day the stock moved in line with Nifty 100 and 0.4 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Court of Revenue, Madhya Pradesh, Gwalior has ordered Grasim Industries to pay stamp duty of Rs 64.39 lakh (excluding interest) on a Business Transfer Agreement dated 7 May 2002 relating to factory structures valuation. The order dated 19 December 2025 was received by the company on 23 December 2025. The court cited undervaluation and non-inclusion of tree values. The company states there is no material impact on financials, operations, or other activities.

Likely market impact

Minor financial impact. Company says no material effect on operations. Tax-related order on an old 2002 agreement.