Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has announced an update regarding penalty orders passed against its wholly owned subsidiary, Mahadhan AgriTech Limited (MAL). This follows earlier intimations on March 30, 2025, and March 31, 2025, concerning penalty orders totaling ₹478.85 Crores (₹252.53 Crores + ₹226.32 Crores) for Assessment Years 2015-16 to 2018-19, passed by the Deputy Commissioner of Income Tax (AO).

In a significant development, the appeals filed by MAL for Assessment Years 2016-17 to 2018-19 have been allowed. The Commissioner of Income Tax (Appeals), Mumbai, vide orders dated January 13, 2026, and January 14, 2026, has dropped a total penalty of ₹382.81 Crores. However, the appeal for Assessment Year 2015-16, amounting to ₹96.03 Crores, is still pending for disposal.

The company stated that the information will also be available on its website, www.dfpcl.com. The event details indicate the occurrence around 10:44 p.m. on January 13, 2026, for AY 2017-18 and 2018-19, and around 03:54 PM on January 14, 2026, for AY 2015-16, corresponding to the time of receiving emails.