Income Tax penalty of Rs 38.98 Lacs; company to appeal
IMFA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 1.3 pts more than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
IMFA received an order on 22 Sep 2026 from the Income Tax Assessment Unit imposing a penalty of Rs 38.98 Lacs under Section 270A of the Income Tax Act, 1961. This relates to higher capital gain tax computed on sale of an immovable property for FY 22-23. The company states no material impact on financials or operations and plans to appeal before the appropriate appellate authority.
Small penalty relative to company size; no material impact claimed; outcome of appeal pending may reduce or reverse it.