Nature of the Disclosure
This is a regulatory disclosure made by Dhanuka Agritech Limited to the National Stock Exchange of India Limited and BSE Ltd. under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 read with Part A of Schedule III. The disclosure pertains to the receipt of tax demand orders.
Key Quantitative Figures
The company has received seven demand orders from the Excise & Taxation Department, Gurugram, under the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The demands are for the assessment years 2008-09 to 2014-15 and total ₹55.53 crore. The year-wise breakdown is as follows:
- FY 2008-09: ₹5.64 Crore
- FY 2009-10: ₹6.27 Crore
- FY 2010-11: ₹6.97 Crore
- FY 2011-12: ₹7.74 Crore
- FY 2012-13: ₹8.60 Crore
- FY 2013-14: ₹9.56 Crore
- FY 2014-15: ₹10.75 Crore
Dates of Action
The communication containing these demand orders was received by the company on October 06, 2026.
Parties Involved
The demand orders were issued by the Excise & Taxation Department, Gurugram. The disclosure was signed and submitted by Jitin Sadana, Company Secretary & Compliance Officer (FCS-7612) of Dhanuka Agritech Limited.
Details of the Alleged Contravention
The orders allege that the company did not discharge its entry tax liability under the Haryana Tax on Entry of Goods into Local Areas Act, 2008, for goods brought into a local area of Haryana during the assessment years 2008-09 to 2014-15.
Company's Stance and Financial Impact
Based on its assessment, the company states that the demands are not maintainable. The company is evaluating all available options, which include filing a writ petition against the orders. The company has explicitly stated that it does not envisage any relevant impact on its financials, operations, or other activities as a result of these demands.