Key Report Summary :
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📝 Kokuyo Camlin Limited has disclosed the receipt of an Income Tax demand order under Section 156 of the Income Tax Act, 1961.
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📅 The order was received on March 20, 2025, and the company is liable to pay a total tax amount of ₹43,77,506, along with ₹46,39,434 as interest under Section 234 of the Act.
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🚨 Despite the tax demand, Kokuyo Camlin has confirmed that this has no material impact on its financial or operational activities.
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⚖️ The company has indicated plans to file an appeal against this order.
Effect on Share Market:
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Short-term stability: While the announcement of a tax demand may raise some concerns among investors, Kokuyo Camlin’s clarification that the financial impact is not material is likely to keep share prices stable in the near term.
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Potential movement: Stock prices might fluctuate slightly depending on the outcome of the company’s appeal process.
Company Overview:
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Kokuyo Camlin Limited is a well-known brand in the stationery and art supplies sector in India, offering products like writing instruments, art materials, and office supplies.
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The company is listed on both the BSE (Scrip Code: 523207) and NSE (Symbol: KOKUYOCMLN).
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