Sukhjit Starch & Chemicals Limited has informed the Exchange about Action(s) taken or orders passed
SUKHJITS · price
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Sukhjit Starch & Chemicals has informed the stock exchanges about receiving a Demand Order from the Income Tax Department. The detailed amount and specifics of the demand are enclosed in Annexure-A (not included in the filing text). The company has stated it is in the process of filing an appeal before the concerned Appellate Authorities to contest the order. Importantly, the company has said it does not foresee any liability crystallizing from this order based on the factual and legal position. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a tax-related regulatory matter rather than a core business issue. Since the exact demand amount is not visible in the available text and the company is actively contesting the order, the near-term impact on shareholders may be limited unless the demand is materially large. Investors should watch for further updates on the appeal outcome and any disclosure of the demand quantum in subsequent filings.