Amines & Plasticizers Flags Tax Show-Cause Notices, Sees No Material Impact

Amines & Plasticizers Ltd. ( (IN:AMNPLST) ) has shared an update.

Amines & Plasticizers Ltd. has disclosed that it received show-cause notices from the Income Tax Department under Section 147 of the Income Tax Act for assessment years 2013-14, 2014-15 and 2015-16, relating to commissions paid to selling agents and seeking evidence on the genuineness of these transactions. The company has stated, based on a preliminary assessment and legal advice, that it does not expect any material impact on its financial or operational activities despite indicated disallowance amounts, and no penalties or sanctions have yet been imposed.

The notices outline potential disallowances of expenditure totaling several crore rupees across the three years, but the firm emphasized that these figures reflect only proposed disallowances, not actual liabilities, which will depend on the outcome of its representations to the tax authorities. By formally notifying the exchanges and publishing the intimation on its website, Amines & Plasticizers aims to reassure investors about transparency and to signal that the matter currently appears contained in terms of risk to its business and stakeholders.

More about Amines & Plasticizers Ltd.

Amines & Plasticizers Ltd. is a chemical manufacturer focused on amines, plasticizers and related specialty chemicals, serving industrial customers in sectors such as plastics, coatings and intermediates. The company is listed on BSE and NSE, giving it access to public capital markets and subjecting it to Indian securities and disclosure regulations.

Average Trading Volume: 1,712

Technical Sentiment Signal: Hold

Current Market Cap: 8.92B INR

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