Income Tax order for AY 2022-23, demand of about Rs 74.77 crore

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TIMKEN · price

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Price reactionminutes from the announcement price · days from the prior close

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₹3037.00

prior close

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+1.0% vs market

Abrasives & Bearings peers, median of 6sector+0.3%+1.7% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 1.7 pts more than its Abrasives & Bearings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Timken India received an Income Tax order dated 18 Dec 2025 for assessment year 2022-23. The IT Department added about Rs 89.08 crore to the company's taxable income, disputing the arm's length pricing methods used for related-party transactions in the distribution segment. A demand notice for about Rs 74.77 crore including interest was issued. The company says the order is erroneous and plans to appeal. No immediate financial impact is anticipated.

Likely market impact

Tax demand of about Rs 74.77 crore is being contested via appeal. Company sees no immediate hit, but outcome of appeal remains uncertain.