Announced Tue, 16 Jun · 17:22 IST
Poly Medicure faces Rs 2.5 crore stamp duty demand from Delhi authority
Regulatory & Legal View source PDF
POLYMED · 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
+3.7%1-day move
₹1514.00
prior close
₹1524.90
base price
After-mkt
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AI summary
Poly Medicure received an order dated June 15, 2026 from Delhi's Collector of Stamps demanding alleged deficit stamp duty of Rs 1,00,25,820 plus a penalty of Rs 1,50,00,000 (total ~Rs 2.5 crore) on certain share allotments made between 2021 and 2024. The company says it had already paid stamp duty via NSDL/CDSL and argues the proceedings are not maintainable under the Indian Stamp Act. It is pursuing legal remedies and expects no material impact on financials or operations.
Likely market impact
Rs 2.5 crore demand (stamp duty + penalty); company is legally contesting and says no material impact expected on operations.