Timken India income tax demand cut from Rs 74.77 cr to Rs 32.47 cr

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

-1.1%Reaction day

₹2990.00

prior close

₹2979.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-0.6% vs market

Abrasives & Bearings peers, median of 6sector+0.1%-1.2% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 1.2 pts less than its Abrasives & Bearings 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

-1.2

10m

-1.1

15m

-0.9

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-0.5-0.6+0.1-1.2

Next day

-0.3-0.7+0.4+0.1-0.4

+0.7+0.4+0.2-0.4+1.1

+1.5+0.3+1.2+0.5+1.0

+2.3+1.1+1.2-0.2+2.5

+3.5+1.4+2.1+0.5+3.0

+1.2+1.2+0.0-1.4+2.6

15d

-0.0-6.1+6.1-3.6+3.6

-1.4-5.9+4.6-4.2+2.9

+12.9-6.2+19.2-3.8+16.7

+8.7-14.0+22.7-12.7+21.4

UpDownMarket · Nifty Smallcap 250Sector · Abrasives & Bearings peers, median of 6Pending

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

AI summary

Update on prior disclosure. Income Tax Department had issued a demand of Rs 74.77 cr for AY 2022-23, alleging tax calculation at 34.94% rate. Company filed a rectification petition saying correct rate is 25.168%. On 24 Dec 2025, the Deputy Commissioner of Income Tax, Jamshedpur issued a rectified order, reducing the demand to Rs 32.47 cr. Company considers orders erroneous and plans to file an appeal. No immediate financial impact expected.

Likely market impact

Tax demand nearly halved after rectification. Company intends to appeal further. No immediate cash outflow expected.