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Valiant Organics Limited ( (IN:VALIANTORG) ) has shared an update.
Valiant Organics Limited has been penalized by the Ministry of Finance and Income Tax Department with a fine of Rs. 87,92,592 for the Assessment Year 2020-21 under section 271AAB of the Income Tax Act, 1961. The company plans to appeal the penalty and has requested that the proceedings be kept in abeyance until the appeal is resolved. The penalty is not expected to impact the company’s operations or other activities.
More about Valiant Organics Limited
Valiant Organics Limited operates in the chemical industry, focusing on the production of specialty chemicals. The company is headquartered in Mumbai, India, and is listed on both the BSE and NSE exchanges.
YTD Price Performance: -0.56%
Average Trading Volume: 9,853
Current Market Cap: 8.71B INR
Find detailed analytics on VALIANTORG stock on TipRanks’ Stock Analysis page.