Income Tax order of Rs 72 crore, company to appeal in High Court

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

-2.9%Reaction day

₹148.50

prior close

₹148.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.6%-2.3% vs market

Civil Construction peers, median of 96sector-1.0%-1.9% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.9 pts less than its Civil Construction 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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Sessions after the filingfrom the prior close

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Reaction day

-2.9-0.6-2.3-1.0-1.9

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

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

AI summary

KNR Constructions received an Income Tax order of Rs 72.02 crore including Rs 42.33 crore interest against the ITAT order for Assessment Year 2007-08. The demand relates to alleged Short Term Capital Gain on sale of agricultural land in FY 2006-07. The company plans to appeal before the High Court of Telangana and expects no material financial or operational impact at this point.

Likely market impact

Tax demand of Rs 72 crore contested; appeal pending in High Court. Company expects no material impact for now. Watch for appeal outcome.