Announced Mon, 29 Jun · 18:42 IST
Income Tax demand of 7.10 crores to India Pesticides; company to appeal
IPL · price
▲ 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
+0.9%1-day move
₹161.68
prior close
₹161.28
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.2—+0.7+0.9+1.1+1.3-0.4-2.0-3.7-7.6———
Up moveDown movePending
AI summary
India Pesticides received a Notice of Demand of 7.10 crore under Section 156 of the Income Tax Act following a search and seizure operation conducted on 12 Dec 2024. The block assessment covered 1 Apr 2018 to 10 Feb 2025. Additions of 10.12 crore were made for alleged unexplained stock investments and unaccounted sales. The company plans to appeal, calling the demand not legally valid and saying management sees no material financial impact.
Likely market impact
Stock may face short-term pressure from the tax demand, but the company plans to appeal and management sees no major financial hit. Watch appeal outcome.