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Deepak Fertilisers and Petrochemicals Corporation Ltd. ( (IN:DEEPAKFERT) ) has provided an update.
Deepak Fertilisers and Petrochemicals Corporation Ltd. has disclosed a penalty order against its wholly-owned subsidiary, Mahadhan AgriTech Limited, by the Assistant Commissioner of Income Tax. The penalty, amounting to over Rs. 252 crore, pertains to alleged violations under the Income Tax Act for the assessment years 2015-16 and 2016-17. The company plans to appeal the order, expressing confidence in its case and asserting that there will be no material impact on its financials or operations.
More about Deepak Fertilisers and Petrochemicals Corporation Ltd.
Deepak Fertilisers and Petrochemicals Corporation Ltd. operates in the chemical industry, focusing on the production of fertilizers and petrochemicals. The company is known for its diverse range of products catering to agriculture and industrial sectors.
YTD Price Performance: -8.42%
Average Trading Volume: 39,721
Current Market Cap: 140.8B INR
See more data about DEEPAKFERT stock on TipRanks’ Stock Analysis page.