Announced Fri, 28 Aug · 14:41 IST
Income tax demand of Rs. 161.92 Cr dropped via Rectification Order
SOLARA · 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
+3.4%1-day move
₹611.15
prior close
₹623.95
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.5+0.6+0.2+3.4+5.1+4.2+2.7+4.2+14.5+23.2———
Up moveDown movePending
AI summary
Solara Active Pharma Sciences received a Rectification Order from the Income Tax Department dropping a Rs. 161.92 Crore tax demand to Nil. The demand, originally raised in March 2026 for Assessment Year 2019-20, was found to be incorrectly computed by the department. The rectification order was passed by the Central Circle 3, Thane office on August 8, 2026. No penalty or non-compliance identified and no financial impact on the company.
Likely market impact
Positive: Rs. 161.92 Cr tax demand fully dropped, no penalty imposed, no hit to financials or operations.