Intimation under Regulation 30 of the SEBI Listing Regulations.
Awaiting price reaction for this filing.
Sanghi Industries has informed stock exchanges about receiving an order dated August 28, 2025 from the Assistant Commissioner of Income Tax under Section 270A of the Income Tax Act for Assessment Year 2017-18. The order relates to a transfer pricing adjustment of approximately Rs. 155.81 crore on transactions involving transfer of power from the company's Captive Unit to its Manufacturing Unit, which the tax department treated as under-reporting of income. A penalty of Rs. 26.96 crore (equivalent to 50% of the tax effect) has been levied. The company states there is no immediate financial impact and plans to appeal the order before the Commissioner of Income Tax (Appeals) while seeking a stay on the penalty demand.
Investors should note a potential contingent liability of Rs. 26.96 crore pending appeal, though the company has not recorded any immediate financial impact. The stock may see short-term sentiment pressure due to the adverse order, but the outcome remains uncertain as the company intends to contest the matter.