Deepak Fertilizers Subsidiaries Receive Income Tax Demand Orders Totaling ₹92.3 Crore

Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has disclosed the receipt of Demand Orders from Income Tax Authorities for its material subsidiaries, Deepak Mining Solutions Lim...

Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has disclosed the receipt of Demand Orders from Income Tax Authorities for its material subsidiaries, Deepak Mining Solutions Limited (DMSL) and Mahadhan AgriTech Limited (MAL), as per Regulation 30 of SEBI Listing Regulations. DMSL received two orders: a demand of ₹89.57 crore for AY 2022-23 under section 170A of the Income Tax Act, received on December 23, 2025, and a demand of ₹14.92 crore for AY 2024-25 under section 143(1), received on December 22, 2025. The demand for AY 2022-23 is due to the Income Tax Authority not considering tax credit and TDS transferred amounting to ₹81.96 crore related to a demerged business. DMSL is in the process of filing a rectification application. For AY 2024-25, the demand arose from an increase in income by ₹77.97 lakh and non-consideration of TDS amounting to ₹12.18 crore related to the demerged business. Assessment proceedings are ongoing and expected to be completed by March 31, 2026. Mahadhan AgriTech Limited (MAL) received a demand of ₹2.18 crore for AY 2024-25 under section 143(1), received on December 23, 2025. This demand is due to an increase in income by ₹6.73 crore. Assessment proceedings for MAL are also in progress and expected to be completed by March 31, 2026. In all cases, the company states there is no impact on financials or operations as these are erroneous demands or ongoing assessment proceedings. The company will seek clarification and take necessary actions. The information will be available on the company's website, www.dfpcl.com.

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Why is Deepak Fertilizers and Petrochemicals Corporation Limited in the news today?

Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) is in the news due to the announcement details receipt of income tax demand orders for subsidiaries. while the amounts are significant, the company has clarified that these are due to non-consideration of tax credits or ongoing assessment proceedings, and it anticipates no financial impact. therefore, the sentiment is neutral.

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Deepak Fertilizers Subsidiaries Receive Income Tax Demand Orders Totaling ₹92.3 Crore

December 23, 2025, 11:27 AM

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Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has disclosed the receipt of Demand Orders from Income Tax Authorities for its material subsidiaries, Deepak Mining Solutions Limited (DMSL) and Mahadhan AgriTech Limited (MAL), as per Regulation 30 of SEBI Listing Regulations.

DMSL received two orders: a demand of ₹89.57 crore for AY 2022-23 under section 170A of the Income Tax Act, received on December 23, 2025, and a demand of ₹14.92 crore for AY 2024-25 under section 143(1), received on December 22, 2025.

The demand for AY 2022-23 is due to the Income Tax Authority not considering tax credit and TDS transferred amounting to ₹81.96 crore related to a demerged business. DMSL is in the process of filing a rectification application. For AY 2024-25, the demand arose from an increase in income by ₹77.97 lakh and non-consideration of TDS amounting to ₹12.18 crore related to the demerged business. Assessment proceedings are ongoing and expected to be completed by March 31, 2026.

Mahadhan AgriTech Limited (MAL) received a demand of ₹2.18 crore for AY 2024-25 under section 143(1), received on December 23, 2025. This demand is due to an increase in income by ₹6.73 crore. Assessment proceedings for MAL are also in progress and expected to be completed by March 31, 2026.

In all cases, the company states there is no impact on financials or operations as these are erroneous demands or ongoing assessment proceedings. The company will seek clarification and take necessary actions. The information will be available on the company's website, www.dfpcl.com.

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