S Chand And Company Limited has informed the Exchange about Receipt of Income Tax Refund amounting to INR 15.67 crores
SCHAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
S Chand and Company has received an income tax refund of INR 15.67 crores (including interest of INR 5.31 crores) from the Income Tax Department. The refund pertains to assessment year 2018-19 and follows a revised return filed after the NCLT approved a Scheme of Arrangement in July 2023. The order was passed on December 31, 2025 under Section 170A read with Section 143(1) of the Income Tax Act, 1961. There were no alleged violations, and the company expects its liquidity to improve by the full refund amount while profitability will improve by the interest component of Rs. 5.31 crores.
This is a positive one-time cash inflow that strengthens the company's liquidity position by Rs. 15.67 crores and adds Rs. 5.31 crores to profitability. The impact is modest in scale and largely non-recurring, so it should provide short-term support but is unlikely to materially alter the stock's long-term trajectory.