Titan receives Income Tax penalty orders for AY 2017-18 and AY 2019-20

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TITAN · price

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

-0.5%Reaction day

₹4596.40

prior close

₹4587.20

announcement price

In-mkt

timing

Nifty 100market-0.6%+0.1% vs market

Gems Jewellery And Watches peers, median of 28sector-0.6%+0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty 100 and 0.1 pts more than its Gems Jewellery And Watches 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-0.6+0.1-0.6+0.1

Next day

-0.2-0.4+0.2-0.6+0.4

+0.5-0.5+1.0-0.5+1.0

+0.8+0.3+0.5-0.2+1.0

+1.1+0.2+0.9-0.7+1.8

+2.1+0.1+2.0-0.3+2.3

+2.1-1.2+3.3-0.5+2.6

15d

+6.4+1.9+4.5-0.1+6.6

+10.0+1.1+8.9+0.2+9.8

+5.6-4.2+9.8+6.3-0.6

-3.4-6.2+2.7+9.8-13.2

UpDownMarket · Nifty 100Sector · Gems Jewellery And Watches peers, median of 28Pending

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

AI summary

Titan Company has received penalty orders from the Income Tax Department under section 270A of the Income Tax Act for assessment years 2017-18 (INR 56.67 Lakhs) and 2019-20 (INR 370 Lakhs). The penalties relate to adjustments on alleged under-reporting of income. The company states there is no material impact on financials, operations, or other activities and is in the process of filing an appeal.

Likely market impact

Minor tax penalties of about INR 4.27 crores combined; company filing appeal. No material impact on financials stated by management.