Bhansali Engineering Polymers Limited commissioned a 1,300 KW DC capacity ground-mounted solar power plant at its manufacturing unit in Satnoor, Madhya Pradesh. The project was executed with a capital expenditure of ₹642.00 lakh.

The contract for the design, engineering, supply, installation, and commissioning of the facility was awarded to Grenergy Solar Systems, an authorised channel partner of Tata Power Solar Systems Limited.

Strategic objectives

The installation aims to increase the company's utilisation of renewable energy for its operations and reduce dependence on conventional energy sources. This move aligns with the company's continued focus on renewable energy, energy efficiency, and sustainable business practices.

Bhansali Engineering Polymers received a penalty order of ₹79.66 lakhs from the Income Tax Department on September 16, 2026, related to Assessment Year 2018-19.

The National Faceless Assessment Centre (NFAC) issued the order under Section 270A of the Income Tax Act, 1961. The penalty arises from deductions claimed by the company for Research & Development expenses and other expenditure during the specified assessment year.

Regulatory Disclosure

Bhansali Engineering Polymers filed the disclosure with the BSE and NSE on September 17, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also complies with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company Response

The company stated that the order does not have a material impact on its financial position, operations, or other activities. Bhansali Engineering Polymers noted that the order is appealable. Management is currently evaluating the merits of the matter and intends to file an appeal before the CIT Appeals, NFAC, within the prescribed timelines.

What the Numbers Show

The penalty amount of ₹79.66 lakhs represents a specific regulatory liability rather than an operational loss. By explicitly stating no material impact on financials, the company signals that this figure is immaterial relative to its overall balance sheet strength and cash reserves, though exact comparative figures were not disclosed in the filing.