Sir Shadi Lal Enterprises Ltd — Important, 30-03-2026: Company Update

Sir Shadi Lal Enterprises Limited has received a penalty order from the Income Tax Department for Assessment Year 2015-16. The penalty, amounting to Rs. 1.74 crore, was imposed for allegedly furnishing inaccurate particulars of income. This stems from an addition of Rs. 5.59 crore, primarily related to an alleged non-consideration of a Rs. 5.50 crore amount in calculating long-term capital gains. The company intends to appeal this order and is confident of obtaining full relief, which could negate the financial impact of the penalty.