Announced Mon, 29 Jun · 18:38 IST
Income Tax Demand of Rs 7.10 Crore, 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———
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AI summary
India Pesticides received an Income Tax demand of Rs 7.10 crore for the block period April 2018 to February 2025, following a search and seizure operation in December 2024. The assessing officer made additions of about Rs 10.12 crore towards alleged unexplained investments and unaccounted sales. The company says the demand is not legally valid and plans to file an appeal, with management confident there is no material financial impact.
Likely market impact
Tax demand of Rs 7.10 crore is material but company plans to appeal; near-term overhang until resolved.