Anik Industries wins tax appeals for AY 2014-15 to 2019-20

Anik Industries Limited has secured a favorable outcome in its tax disputes, with the Commissioner of Income Tax (Appeals) allowing the company's appeals against assessment orders for multiple assessment years. The orders, passed under Section 250 of the Income-tax Act, 1961, were received by the company on June 30, 2026. This development is expected to deliver a total positive financial impact of INR 93.43 Cr, significantly bolstering the company's financial position for the relevant periods.

The appeals covered Assessment Years 2014-15, 2015-16, 2017-18, and 2019-20. The Commissioner of Income Tax, Appeals (49), Mumbai, ruled in favor of anik industries across these periods. The company disclosed that there were no violations or contraventions committed, as the appeals were allowed in their entirety.

The financial impact varies across the different assessment years. The most substantial benefit arises from the Assessment Year 2017-18, which contributes INR 86.04 Cr to the total positive impact. Other periods, such as Assessment Year 2015-16 and 2014-15, are expected to add INR 4.91 Cr and INR 2.48 Cr respectively.

Financial Impact by Assessment Year

The following table details the positive impact expected for each assessment year:

Assessment Year	Authority	Positive Impact
2017-18	CIT (Appeals) 49, Mumbai	INR 86.04 Cr
2015-16	CIT (Appeals) 49, Mumbai	INR 4.91 Cr
2014-15	CIT (Appeals) 49, Mumbai	INR 2.48 Cr
2019-20	CIT (Appeals) 49, Mumbai	INR 52.61 lacs
2015-16	CIT (Appeals) 49, Mumbai	INR 7.80 lacs

Gautam Jain, Chief Financial Officer of Anik Industries Limited, signed the regulatory filing submitted to the exchanges on July 1, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	-1.66%	+5.34%	-11.25%	-57.48%	+74.00%

Anik Industries Limited has been fined ₹1,00,300 by both BSE Limited and National Stock Exchange of India Limited for failing to submit financial results on time. The penalty, inclusive of GST, was levied for non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the communication from the exchanges on June 30, 2026, regarding the violation for the quarter ended March 31, 2026.

The specific violation pertains to the non-submission of financial results within the prescribed period for the quarter ended March 31, 2026. The disclosures were made in accordance with SEBI Listing Regulations and a specific circular dated January 30, 2026. The company confirmed that the levy of the fine does not have a material impact on its financial, operational, or other activities.

Details of Regulatory Action

The following table outlines the specifics of the action taken by the exchanges:

Name of the Authority	Nature and details of the action(s) taken, initiated or order(s) passed	Date of receipt of direction or order	Details of the violation(s)/ contravention(s) committed	Impact on financial, operation or other activities
National Stock Exchange of India Limited (“NSE”) & BSE Limited (“BSE”)	Fine Levied	30 June, 2026	Non-Compliance of Regulation 33 of SEBI Listing Regulations for the quarter ended 31 March, 2026	Levy of fine amounting to Rs.1,00,300/- (inclusive of GST) to BSE Ltd. & fine amounting to Rs.1,00,300/- (inclusive of GST) to National Stock Exchange of India Limited. Further, there is no material impact on the Financial, operation or other activities of the Company.

The total financial implication amounts to Rs 2,00,600, split equally between the two exchanges. Anik Industries has requested the exchanges to take the disclosure on record.