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

Regulatory & Legal View source PDF Explain this filing

PARADEEP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.1%Reaction day

₹123.13

prior close

₹123.60

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+3.3% vs market

Fertilizers peers, median of 17sector+1.4%+1.8% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Smallcap 250 and 1.8 pts more than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+1.3

15m

+1.1

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1-0.1+3.3+1.4+1.8

Next day

+4.5+1.1+3.4+2.2+2.3

+3.3+1.3+2.1+2.5+0.8

+3.1+1.8+1.3+2.9+0.3

+2.3+1.2+1.2+0.7+1.7

+0.3+0.4-0.1-0.9+1.1

+2.6+0.9+1.6+0.2+2.3

15d

+3.7+3.0+0.8+1.7+2.0

+13.0+6.3+6.7+3.2+9.8

+12.9+6.4+6.6-4.4+17.4

+21.8+9.4+12.4-4.7+26.5

UpDownMarket · Nifty Smallcap 250Sector · Fertilizers peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.