Income tax penalty of about Rs 9.35 crore deleted in favor of KNR Constructions

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

-1.6%Reaction day

₹121.96

prior close

₹120.49

announcement price

After-mkt

timing

Nifty Microcap 250market-1.5%-0.1% vs market

Civil Construction peers, median of 98sector-1.4%-0.1% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.1 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

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Sessions after the filingfrom the prior close

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Reaction day

-1.6-1.5-0.1-1.4-0.1

Next day

-1.9-1.2-0.7-1.4-0.6

-3.8-2.8-1.0-3.1-0.7

-1.9-1.8-0.2-3.3+1.4

-1.9-2.0+0.2-3.6+1.8

-6.9-3.3-3.6-4.3-2.7

-5.2-2.0-3.2-3.8-1.4

15d

-8.3-3.9-4.4-5.5-2.9

-19.8-10.7-9.1-11.4-8.4

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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

AI summary

KNR Constructions won its appeal before the Commissioner of Income Tax (Appeals), Hyderabad. The order dated 23 September 2026 deletes a penalty of Rs 9,35,44,336 (about Rs 9.35 crore) that was earlier proposed for Assessment Year 2021-22. The appeals were allowed and the penalty order was set aside. The company has stated that there is no fresh financial impact, suggesting the amount was already provided for in its books.

Likely market impact

Positive — a pending tax penalty of around Rs 9.35 crore has been deleted, removing a contingent liability overhang for shareholders.