Deepak Fertilizers and Petrochemicals Corporation Limited — Others, 30-03-2025: Action(s) taken or orders passed

Deepak Fertilisers has announced a board meeting regarding a penalty imposed on its wholly-owned subsidiary, Mahadhan AgriTech Limited, totaling ₹252.53 crore for assessment years 2015-16 and 2016-17. This penalty arises from ongoing tax assessments, with the company currently appealing the decision. Management believes it has a strong case to challenge the penalty and does not foresee material adverse effects on its financials or operations. Investor sentiment may remain stable, given the expectation of a favorable outcome in the appeal process, suggesting a positive outlook for the company moving forward.