Sanghi Industries Limited has informed the Exchange regarding Intimation under Regulation 30 of the SEBI Listing Regulations.
Awaiting price reaction for this filing.
Sanghi Industries Limited has received an order dated August 28, 2025, from the Assistant Commissioner of Income Tax under Section 270A of the Income Tax Act, 1961, for Assessment Year 2017-18. The order pertains to a transfer pricing adjustment of Rs. 155.81 crore related to the transfer of power from the company's Captive Unit to its Manufacturing Unit, which the tax department treated as under-reporting of income. Consequently, a penalty of Rs. 26.96 crore (50% of the tax effect) has been levied on the company. The company has stated that there is no immediate impact on its financials and plans to file an appeal before the Commissioner of Income Tax (Appeals) within the prescribed timeline, while also seeking a stay on the penalty demand.
Near-term impact is limited as the company has stated no immediate financial effect, but the Rs. 26.96 crore penalty and the ongoing appeal process introduce a contingent liability. Shareholders should monitor the appeal outcome, as an unfavorable ruling could hit earnings, while a successful challenge would be a positive.