Paradeep Phosphates Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

PARADEEP · price

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▲ 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

+4.5%1-day move

₹123.13

prior close

₹123.60

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6+1.3+1.1+0.5+4.5+3.3+3.1+2.3+0.3+2.6+3.7+13.0+12.9—

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AI summary

The Income Tax Authority had raised an additional tax demand of ₹20.61 crore for Assessment Year 2020-21, citing higher adjustments to carry forward loss and MAT credit from earlier years. The company challenged this by filing an appeal with the First Appellate Authority on April 3, 2025, and simultaneously filed a rectification application under Section 154. The Assistant Commissioner of Income Tax disposed of this application on May 20, 2026, quashing the entire demand and ordering a refund of ₹20.57 crore to the company. This represents a complete win for Paradeep Phosphates in this tax dispute.

Likely market impact

Positive for shareholders as the company eliminates a ₹20.61 crore liability and receives a ₹20.57 crore refund, improving its cash position.