Neelamalai Agro Industries Ltd — Important, 24-02-2026: Company Update

Neelamalai Agro Industries has received an order from the Income Tax Department, which disallowed an exemption claimed on the sale of agricultural land amounting to Rs.17.70 Crores. This development is expected to have a financial implication of Rs.4.97 Crores for the company, excluding any applicable interest and penalties. The company plans to file an appeal against this order with the appropriate Income Tax authority.