Income tax penalty demand reduced by INR 34.43 lakh

Investor Communications View source PDF Explain this filing

SNOWMAN · 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

-0.7%Reaction day

₹33.22

prior close

₹33.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.5%+1.8% vs market

Logistics Solution Provider peers, median of 46sector-1.1%+0.5% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 0.5 pts more than its Logistics Solution Provider 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

-1.7

10m

-1.8

15m

-1.1

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-2.5+1.8-1.1+0.5

Next day

+0.4-1.1+1.5+0.7-0.3

+0.0-0.8+0.8+1.0-1.0

+1.3+1.3-0.0+1.4-0.1

+2.2+2.5-0.3+3.4-1.2

+2.3pendingpending+3.6-1.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 46Pending

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

AI summary

Snowman Logistics received a rectification order from the Income Tax Department for assessment year 2024-25. The penalty demand fell from INR 2.07 crore to INR 1.72 crore, a reduction of INR 34.43 lakh. The company has appealed the penalty and remains hopeful of a favourable outcome. It says the order has no impact on its finances or operations.

Likely market impact

The lower demand may reduce cash outflow, but the remaining penalty is still contested through appeal.