Dhanuka Agritech receives tax demand orders worth ₹14.96 crore for FY16-18
Dhanuka Agritech received tax demand orders totaling ₹14.96 crore for FY15-18 related to entry tax. The company believes the demands are not maintainable and expects no significant financial or operational impact.
The company has assessed that the demand orders are not maintainable and does not anticipate any relevant impact on its financials, operations, or other activities. This suggests a low impact.
The company has received tax demand orders, which is a negative event. However, the company believes the demands are not maintainable and does not foresee any material impact on its financials or operations, thus balancing the sentiment to neutral.
Dhanuka Agritech Limited has received demand orders totaling ₹14.96 crore from the Excise & Taxation Department, Gurugram, under the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The demands pertain to the financial years 2015-16 (₹11.95 crore), 2016-17 (₹0.06 crore), and 2017-18 (₹2.95 crore).
The company received these orders on February 5, 2026, for alleged failure to discharge entry tax liability. Dhanuka Agritech, however, believes these demands are not maintainable and is evaluating all options, including filing a writ against the orders. The company has stated that it does not anticipate any relevant impact on its financials, operations, or other activities as a result of these demand orders.
This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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