Bhansali Engineering Polymers receives ₹79.66 Lakhs penalty order from Income Tax Dept.
Bhansali Engineering Polymers received a penalty order of ₹79.66 lakhs from the Income Tax Department for AY 2018-19 concerning R&D and other expenses. The company believes it has no material impact and plans to appeal.
The company explicitly stated that the order does not have any material impact on its financial position, operations, or other activities, and it plans to appeal.
The company has received a penalty order from the Income Tax Department, which is a negative development.
Bhansali Engineering Polymers Limited (BEPL) has disclosed that it has received a penalty order from the National Faceless Assessment Centre (NFAC), Income Tax Department. The order, dated 16th September 2026, pertains to the Assessment Year 2018-19 and relates to deductions claimed for Research & Development expenses and Other Expenditure.
The penalty demand arising from these deductions amounts to ₹79.66 lakhs. The company has stated that this order does not have any material impact on its financial position, operations, or other activities. The order is appealable, and BEPL is evaluating the merits of the matter to file an appeal before the Hon'ble CIT Appeals, NFAC within the prescribed timelines.
What to do with a filing like this
Bhansali Engineering Polymers Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bhansali Engineering Polymers Limited. Read the original for the full detail.