Income tax penalty of Rs 1.69 crore for 2008-09; appeal planned

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

+1.4%Reaction day

₹249.44

prior close

₹250.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+1.6% vs market

Paints peers, median of 8sector+0.4%+1.0% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.0 pts more 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

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Sessions after the filingfrom the prior close

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Reaction day

+1.4-0.2+1.6+0.4+1.0

Next day

+0.6+0.1+0.5+0.3+0.4

+1.4-0.6+2.1-0.1+1.5

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15d

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+1.8-2.6+4.4-0.1+1.9

-1.2-2.9+1.7+4.8-6.0

-11.2-8.9-2.3-1.6-9.6

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 a penalty of Rs 1,68,62,615 for Assessment Year 2008-09 on tax additions and disallowed items in a 2012 assessment order. The company says it has supporting records and will appeal. It reports no material effect on its finances, operations or other activities.

Likely market impact

The penalty may weigh on investor sentiment and could cost cash if upheld, but the company plans to appeal and reports no material operational impact.