Ponni Sugars (Erode) Limited has informed the Exchange about receipt of Interim Order from Hon ble High Court of Madras
PONNIERODE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.3 pts more than its Sugar 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.
Ponni Sugars has received an interim order from the Hon'ble High Court of Madras dated 27.04.2026 in connection with a Writ Petition filed by the company. The dispute relates to a Transfer Pricing order passed by the Commissioner of Income Tax (CIT-TP) for Assessment Year 2021-22, concerning the Arm's Length Price determination for inter-unit transfer of bagasse from the sugar unit to the co-generation unit. The High Court has directed the Transfer Pricing Officer to pass appropriate orders, but the effect and operation of such orders will remain subject to the final outcome of the Writ Petition. The company has obtained interim protection pending resolution of this tax dispute. Financial implications are material but cannot be precisely quantified at this stage.
The interim order provides temporary protection to the company as the TPO's orders will not take full effect until the Writ Petition is resolved. This is a neutral-to-positive development for shareholders as it buys time for the legal battle on the transfer pricing dispute.