Announced Tue, 30 Jun · 18:03 IST
Income Tax Penalty of Rs. 67.05 mn for FY 2009-10; Company to Appeal
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MARUTI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹14147.00
prior close
₹14151.00
base price
After-mkt
timing
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AI summary
Maruti Suzuki has received a Penalty Order from the Income Tax Authority under Section 271(1)(c) of the Income Tax Act, 1961 for FY 2009-10. The penalty of Rs. 67.05 million (about Rs. 6.7 crore) relates to certain additions or disallowances made during tax proceedings. The company has stated it will file an appeal against the order and that there is no major impact on its financial, operational, or other activities.
Likely market impact
Penalty is small relative to company size; appeal pending; management says no major impact. Likely minimal stock reaction.