HP Adhesives Limited has informed the Exchange about General Updates
HPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HP Adhesives has disclosed an order from the Income Tax Department for financial year 2018-19 under Section 270A of the Income Tax Act. The penalty amount is Rs. 2.82 lakhs, which is 200% of the assessed tax demand of Rs. 1.41 lakhs. The order was dated August 11, 2025, and received by the company on August 12, 2025. The company has stated that the authority overlooked its pending rectification application under Section 154 against the earlier assessment order. HP Adhesives has decided to file an appeal against this penalty order.
The penalty of Rs. 2.82 lakhs is financially immaterial for the company and unlikely to affect operations or stock price. The decision to appeal suggests the company believes it has a reasonable case, though investors should watch for the appeal outcome.