Deepak Fertilizers and Petrochemicals Corporation Limited — Others, 31-03-2025: Action(s) taken or orders passed

Deepak Fertilisers has announced a board meeting to discuss a recent penalty imposed on its wholly-owned subsidiary, Mahadhan AgriTech Limited, by the Assistant Commissioner of Income Tax. The penalty totals ₹226.33 crore for assessment years 2017-18 and 2018-19, with the company currently appealing the decision, asserting a strong case to quash the demands. Management believes this situation will not materially impact the company's financial or operational activities. From an investor perspective, while there may be concerns regarding regulatory risks, the appeal could lead to a positive outlook if resolved favorably.