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SAPPHIRENSESAPPHIRE FOODS INDIA LTD· Leisure ServicesHighNeutral
Announced Fri, 14 Aug, 2026 · 17:27 IST

Tax appeal dismissed in company's favor for Sri Lanka subsidiary

Regulatory & Legal View source PDFExplain this filing

SAPPHIRE · 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
+0.4%Reaction day
₹234.61
prior close
₹236.00
announcement price
After-mkt
timing
Nifty Smallcap 250market+0.2%+0.2% vs market
Restaurants peers, median of 11sector+0.4%-0.0% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and in line with its Restaurants 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
5m
-0.4
10m
-0.8
15m
-1.0
30m
-1.7
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+0.4+0.2+0.2+0.4-0.0
Next day
-1.7+0.4-2.1+0.7-2.4
2d
-0.1-0.3+0.2-0.7+0.6
3d
+3.1+0.3+2.8+1.6+1.6
4d
+3.6+0.7+2.8+0.6+3.0
5d
+6.4+0.5+5.8+1.0+5.4
1w
+5.8+1.0+4.8-1.1+7.0
15d
-2.1+1.1-3.3-4.4+2.3
1m
-0.8-1.5+0.7-4.5+3.7
2m
-16.5-4.6-11.8-13.2-3.3
3m
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UpDownMarket · Nifty Smallcap 250Sector · Restaurants peers, median of 11Pending

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

AI summary

The Income Tax Appellate Tribunal (ITAT) on 12 August 2026 dismissed the appeal filed by the Income Tax Department against a favorable order from CIT(A), Ranchi. The matter relates to wholly owned subsidiary Gamma Pizzakraft Lanka (Private) Limited, based in Sri Lanka. With ITAT upholding the CIT(A) order, the company's earlier favorable ruling from 2 September 2025 stands confirmed. No settlement terms or financial impact details were disclosed in the filing.

Likely market impact

Positive for shareholders. The favorable tax order for the Sri Lanka subsidiary is upheld, removing any additional tax liability risk from this matter.