Ndr Auto Components Limited has informed the Exchange about General Updates
NDRAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NDR Auto Components has received three orders from the Income Tax Department in Delhi. The company has been asked to pay a penalty of Rs. 47.52 lakhs for Assessment Year 2021-22 under sections 271DA and 269ST of the Income Tax Act. On the positive side, penalty proceedings for two other assessment years (2023-24 and 2024-25) have been dropped in the company's favor. The orders were received on December 31, 2025, and disclosed on January 5, 2026. The company plans to appeal the 2021-22 penalty order and, based on its own assessment and legal advice, expects a favorable outcome.
The Rs. 47.52 lakh penalty is relatively small for a listed company and is being contested in appeal. Management expects no material impact on financials or operations. Shareholders should note the tax dispute but are unlikely to see a significant stock reaction given the modest amount and management's confidence in overturning it.