Income tax draft order, potential demand of ~Rs 149 Cr

Regulatory & Legal View source PDF Explain this filing

SHREECEM · 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

-0.9%Reaction day

₹23340.00

prior close

₹22955.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.1%-1.1% vs market

Cement & Cement Products peers, median of 34sector+0.6%-1.5% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty 100 and 1.5 pts less than its Cement & Cement Products 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

-0.2

10m

-0.5

15m

-0.6

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9+0.1-1.1+0.6-1.5

Next day

+1.0+1.3-0.3+3.1-2.0

-0.1+2.0-2.1+2.5-2.6

+3.7+6.0-2.3+7.8-4.1

+1.8+5.2-3.4+6.4-4.6

+3.8+6.6-2.8+8.3-4.5

+6.9+7.5-0.6+10.1-3.2

15d

+7.9+7.6+0.3+11.5-3.6

+6.0+7.6-1.6+9.4-3.4

+6.6+5.2+1.4+8.8-2.2

+12.4+8.4+3.9+6.9+5.5

UpDownMarket · Nifty 100Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

Shree Cement received a draft Income Tax Assessment Order for FY 2022-23 from the Assistant Commissioner of Income Tax, Central Circle, Ajmer. The order proposes a likely demand of ~Rs 149 Cr (excluding interest), which may be adjusted against pending refunds. The company plans to file objections before the Dispute Resolution Panel or Commissioner Appeals, and believes the disallowances are not sustainable.

Likely market impact

Potential Rs 149 Cr tax demand (excl. interest), but company will contest and expects no major financial impact. May pressure near-term sentiment.