Tax assessment order of Rs 12.90 crore; company to appeal

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JAIBALAJI · price

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹68.75

prior close

₹67.51

announcement price

After-mkt

timing

Nifty Microcap 250market+0.9%-2.7% vs market

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Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Reaction day

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Next day

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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.