Amines & Plasticizers Limited has received Income Tax Assessment Orders from the Income Tax Department for Assessment Years 2014-15 and 2015-16, along with Show Cause Notices for penalties. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations on March 21, 2026.

Assessment Orders and Penalty Notices

The company received Assessment Orders under Section 147 read with Section 250 and Section 144B of the Income Tax Act, 1961, with the following timeline and demands:

Additionally, the company received Show Cause Notices for penalties under Section 274 read with Section 271(1)(c) of the Income Tax Act for both assessment years. These penalty notices, dated March 20, 2026, were received via email on March 21, 2026.

Company's Response and Expected Impact

Amines & Plasticizers Limited has stated that based on preliminary assessment, prevailing law, and legal counsel advice, it does not foresee any material impact on its financial, operational, or other activities. The company plans to take the following actions:

• Prefer an appeal against the Assessment Orders
• Contest the Show Cause Notices with documentary evidence
• Seek appropriate legal remedies

Connection to Earlier Proceedings

These Assessment Orders are connected to earlier Show Cause Notices under Section 147 of the Income Tax Act that the company had received and disclosed on February 27, 2026, for Assessment Years 2013-14, 2014-15, and 2015-16. The company had filed responses to those earlier notices, and the current Assessment Orders represent the next stage in those proceedings.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations and provided detailed information in multiple forms as required by the SEBI Master Circular. The intimation has been made available on the company's website at www.amines.com/announcements.html for stakeholder reference.

Amines & Plasticizers Limited has received show cause notices from the Income Tax Department under Section 147 of the Income Tax Act for three assessment years. The notices, dated February 23, 2026, pertain to commission payments made to selling agents during the assessment years 2013-14, 2014-15, and 2015-16.

Show Cause Notice Details

The company received three separate notices from the Income Tax Department, Office of the Income Tax Officer, Assessment Unit:

The notices were received through email and relate to commission payments made to selling agents during the respective assessment years. The Income Tax Department has requested the company to submit response including documentary evidence regarding the genuineness of these transactions.

Financial Implications

The show cause notices mention potential disallowances for each assessment year:

The company has clarified that these amounts represent only disallowance of expenditure and not the actual financial impact. The actual financial implications will depend on the outcome based on the representation to be made by the company.

Company's Response and Position

Amines & Plasticizers Limited has taken the following actions in response to the notices:

• Sought legal advice to evaluate the merit of the show cause notices
• Contested the notices with documentary evidence in support
• Submitted the response on February 27, 2026

Based on preliminary assessment, prevailing law, and advice from legal counsel, the company does not foresee any material impact on its financial, operational, or other activities. The company has stated that no aberrations, non-compliances, penalties, restrictions, or sanctions have been imposed pursuant to the communication.

Regulatory Compliance

The disclosure has been made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company explained the delay in reporting by stating that the notices were received late in the evening on February 23, 2026, and one was received at 12:01 AM on February 24, 2026, necessitating time to seek legal advice before making the disclosure.

The company has indicated that it will update the stock exchanges on the outcome of the assessment proceedings as they develop.