Oriental Aromatics Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
OAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 3.4 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Oriental Aromatics Limited has received a Show Cause Notice from the Office of the Assistant Commissioner of Income Tax, Vadodara, dated March 28, 2026, alleging that income of approximately ₹136.77 crore has escaped assessment for Assessment Year 2020-21. Of this amount, around ₹125.80 crore is still under verification by the tax department. The notice, issued under Section 148A of the Income Tax Act, asks the company to explain why a notice under Section 148 should not be issued. The company has stated that the financial impact cannot be determined at this stage and plans to file an appropriate response within the prescribed timelines. No penalty or restriction has been imposed yet.
This is a preliminary tax demand notice, not an order, so there is no immediate financial impact. However, if the dispute escalates, the company could face a potential tax liability of up to ~₹136.77 crore (subject to verification), which is material relative to its size and may create near-term uncertainty for shareholders.