JK Paper Limited has informed the Exchange about General Updates
JKPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.3 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JK Paper Limited has received an income tax assessment order dated 20th May 2025 for Assessment Year 2022-23 under Section 143(3) of the Income Tax Act, 1961. The Income Tax Officer has raised an aggregate demand of Rs. 49,53,33,717 (approximately Rs. 49.53 crore), which includes interest of Rs. 15,18,64,010 (approximately Rs. 15.19 crore). The company claims the addition and the resulting demand stem from a mistake in computation and are incorrect. The company plans to file an appeal or rectification application before the appropriate tax authorities. Management believes the demand will be set aside and does not foresee any material impact on the company's financial or operational activities.
The demand is contested and management expects it to be overturned on appeal with no material financial impact. Shareholders should monitor the appeal outcome, but for now there is no expected hit to earnings or operations from this order.