Income-tax penalties of Rs 6.83 crore imposed; appeal planned

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

-0.7%Reaction day

₹252.89

prior close

₹253.90

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.1% vs market

Paints peers, median of 8sector-0.2%-0.6% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.6 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.7+0.4-1.1-0.2-0.6

Next day

+0.0-0.4+0.4-0.6+0.7

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15d

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-3.7-2.9-0.9+3.7-7.4

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UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Income-tax Department imposed penalties of Rs 1.06 crore for 2009-10, Rs 41.06 lakh for 2010-11 and Rs 5.36 crore for 2011-12, totalling Rs 6.83 crore. The orders were received on 17 September 2025 and relate to income additions in assessment orders dated 5 March 2025. The company plans to appeal.

Likely market impact

No material impact on operations is expected. The penalty and appeal outcome may weigh on investor sentiment.