JK Paper Limited has informed the Exchange about Action(s) taken or orders passed
JKPAPER · price
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JK Paper Limited has informed stock exchanges that the Commissioner of Income Tax (Appeals) has disposed off the company's appeal with an order dated 21st June 2025, granting substantial relief. The order pertains to Assessment Year 2020-21. As a result, an earlier income tax demand of ₹6,556.42 lakh (including interest of ₹2,239.35 lakh) has been reduced to Nil. The company has reported no expected financial implications from this order, as the relief is entirely in its favour. This is being disclosed under SEBI Listing Regulations as a material communication from a judicial/regulatory authority.
This is a positive outcome for JK Paper shareholders, as a pending tax demand of around ₹65.56 crore has been completely set aside, removing a potential liability overhang on the company. The favourable appellate order should be viewed as a positive development, though it does not add any new cash inflow.