Deepak Fertilizers and Petrochemicals Corporation Limited — Others, 26-02-2025: Action(s) taken or orders passed

Deepak Fertilisers has announced a board meeting to discuss a Demand Order from the Deputy Commissioner of State Tax, Pune, imposing a tax demand of ₹122.33 crore, including tax, interest, and penalties, for the period from April 2020 to March 2021. Despite the order, the company asserts that there is no material impact on its financials or operations, stating that it views the demand as untenable and plans to appeal. This could lead to prolonged uncertainty, but investors may perceive this as a potential opportunity given the company's legal confidence.