JB Chemicals & Pharmaceuticals Limited has informed the Exchange about Receipt of Order
JBCHEPHARM · price
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Awaiting price reaction for this filing.
JB Chemicals & Pharmaceuticals has received an order from the Assistant Commissioner of State Tax, Maharashtra, raising a tax demand of approximately Rs. 2.43 crore. The demand relates to disallowance and mismatch of Input Tax Credit (ITC) for FY 2021-22. The order was received on December 29, 2025. The company has stated it has a strong case on the merits and intends to file an appeal against the order. Management has clarified that there is no material impact on the company's financial position, operations, or other activities.
This is a routine tax dispute and not material to the company's operations or financials. The Rs. 2.43 crore demand is small relative to JB Chemicals' overall scale and the company plans to contest it, so shareholders are unlikely to see any meaningful effect on the stock price.