Madhav Copper Limited has informed the Exchange about Action(s) taken or orders passed
MCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company has provided an update on an ongoing income tax matter. It had filed an appeal on 21 April 2025 with the Joint Commissioner of Income Tax (Appeals) against a penalty order passed under Section 270A of the Income Tax Act, 1961. A hearing notice was received for 16 March 2026, and the company filed its response with supporting documents on 23 March 2026. The matter is currently sub judice (under consideration) and the company has stated it does not expect any material adverse impact. Further updates will be shared as required.
This is a routine procedural update on an existing tax appeal. Since the company is contesting the penalty and expects no material adverse impact, the immediate effect on shareholders is likely limited unless the appeal is decided unfavourably.