Announced Wed, 1 Jul · 18:07 IST
Tax assessment order of Rs 12.90 crore; company to appeal
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JAIBALAJI · 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
+2.2%1-day move
₹68.75
prior close
₹67.51
base price
After-mkt
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—+0.7+0.4—+2.2+1.4-0.9-3.4-3.7-3.3-12.3———
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AI summary
Income Tax Authority has issued an assessment order to Jai Balaji Industries determining a tax liability of Rs 12.90 crore under section 158BC for the block period April 2018 to November 2024. This follows an earlier search operation by the Income Tax Department in November 2024. The company plans to file an appeal and says it does not expect any material impact on its financials or operations.
Likely market impact
Tax demand of Rs 12.90 crore contested; company plans appeal, sees no material impact on operations or financials currently.