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An announcement from Deepak Fertilisers and Petrochemicals Corporation Ltd. ( (IN:DEEPAKFERT) ) is now available.
Deepak Fertilisers and Petrochemicals Corporation Ltd. has disclosed that it received an income tax demand order from the Central Processing Centre of the Income Tax Department, raising a demand of Rs 21.51 crore under section 143(1) of the Income Tax Act for assessment year 2024-25. The demand arises from an increase in assessed income by about Rs 10.34 crore and the non-grant of tax deducted at source and tax collected at source credits totalling roughly Rs 14.35 crore, though the company notes there is no allegation of any contravention. Deepak Fertilisers said the assessment proceedings for the year are still underway and are expected to be completed by March 31, 2026, and added that it will seek clarification on the differences in business income and take necessary action, indicating no immediate impact on its financial or operational activities at this stage.
More about Deepak Fertilisers and Petrochemicals Corporation Ltd.
Deepak Fertilisers and Petrochemicals Corporation Ltd. operates in the chemicals and fertilisers sector, producing industrial chemicals and crop nutrition products for domestic and international markets. The company serves key segments such as agriculture, manufacturing and infrastructure through its fertiliser and petrochemical offerings.
Average Trading Volume: 13,250
Technical Sentiment Signal: Buy
Current Market Cap: 155.9B INR
For a thorough assessment of DEEPAKFERT stock, go to TipRanks’ Stock Analysis page.