Deepak Fertilizers and Petrochemicals Corporation Limited — Important, 29-07-2025: Disclosure of material issue

Deepak Fertilisers' subsidiary, Mahadhan AgriTech (MAL), has received a favorable ruling from the Income Tax Appellate Tribunal (ITAT) on its past tax appeals for assessment years 2016-17 to 2020-21. This decision validates the company's legal stance on the tax matters.

**The Issue:** MAL had ongoing income tax appeals spanning several assessment years.

**The Company's Response:** The ITAT has decided these appeals in MAL's favor, upholding the company's position.

**Possible Impact:** This positive ruling means appeals against levy of penalties are now also expected to be decided in MAL's favor, providing clarity and potential financial relief. A minor rectification application for AY 2015-16 is still pending.

This is a significant win for the company, resolving long-standing tax disputes positively. #DeepakFertilisers #TaxRuling #InvestorUpdate