Announced Wed, 15 Jul · 12:05 IST
Tega Chile unit loses tax appeal; exposure about INR 8.73 crores
TEGA · 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
-1.8%1-day move
₹1667.60
prior close
₹1637.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4+0.0+0.1—-1.8-2.9-2.5-1.8-6.0-6.5————
Up moveDown movePending
AI summary
Tega Chile, a step-down subsidiary of Tega Industries, lost an appeal before Chile's First Tax and Customs Tribunal over disallowed tax loss carry forward for Tax Year 2020. Disputed loss is about CLP 3.17 billion (around INR 32.32 crores) with estimated tax exposure of about CLP 856 million (around INR 8.73 crores). No violation alleged. Company expects no material financial impact. Tega Chile is evaluating further appeal options.
Likely market impact
Tax exposure of about INR 8.73 crores at Chilean step-down subsidiary. Company says no material impact on overall financials. Further appeal being evaluated.