Announced Tue, 14 Jul · 16:35 IST
Saurashtra Cement gets partial relief in income tax appeal for AY 2019-20
Regulatory & Legal View source PDF
SAURASHCEM · 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
+16.9%1-day move
₹53.50
prior close
₹53.96
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.7——+16.9+16.7+11.7+10.3+7.8+6.0————
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AI summary
Saurashtra Cement received a partly favorable order from the Commissioner of Income Tax Appeals, NFAC dated 13 July 2026, for Assessment Year 2019-20. The company's appeal was allowed partly. Management states there is no additional financial impact from this order. The company will file a second appeal before the Income Tax Appellate Tribunal, Rajkot, against the remaining unfavorable portion of the order.
Likely market impact
Mixed outcome in tax appeal. Company says no material financial impact and plans to challenge the unfavorable part further before ITAT.