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An update from Deepak Fertilisers and Petrochemicals Corporation Ltd. ( (IN:DEEPAKFERT) ) is now available.
Deepak Fertilisers and Petrochemicals Corporation Ltd. has disclosed that it received a demand order from the Superintendent of CGST & Central Excise, Bharuch, under the Vadodara-II Commissionerate, raising a total claim of Rs 26.76 lakh, comprising Rs 13.38 lakh in tax and an equivalent amount as penalty, with no interest component. The order, which disallows certain input tax credit as ineligible, is not expected to have any material impact on the company’s financials or operations, and the management plans to challenge the demand before an appropriate appellate forum, signalling a contained compliance dispute with limited implications for stakeholders.
More about Deepak Fertilisers and Petrochemicals Corporation Ltd.
Deepak Fertilisers and Petrochemicals Corporation Ltd. is a diversified chemicals producer operating in the fertilisers and petrochemicals industry. The company focuses on manufacturing industrial chemicals and fertilisers for agricultural and industrial markets, serving a broad base of stakeholders across India.
Average Trading Volume: 21,350
Technical Sentiment Signal: Hold
Current Market Cap: 125.9B INR
See more data about DEEPAKFERT stock on TipRanks’ Stock Analysis page.