Chambal fertilisers & chemicals has received a disclosure from CM Airtime Promotion LLP regarding the acquisition of additional equity shares under SEBI's substantial acquisition regulations. The promoter group entity purchased 5000 equity shares on 12-Mar-26 through open market transactions.

Transaction Details

The acquisition represents a strategic addition to CM Airtime Promotion LLP's existing position in the fertiliser company. The transaction details are presented below:

Shareholding Analysis

Following the acquisition, CM Airtime Promotion LLP's shareholding position has been updated across key metrics:

Company Capital Structure

Chambal Fertilisers and Chemicals Ltd maintains a stable equity capital structure throughout the transaction period:

Regulatory Compliance

The disclosure was filed in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. CM Airtime Promotion LLP, registered with LLP Identification Number AAE-6579, submitted the required documentation to both NSE and BSE on 13-Mar-26. The company's registered office is located at Mezzanine Floor, Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi- 110 001.

The acquisition reflects continued promoter group interest in the fertiliser company, with the transaction executed through standard open market mechanisms. The modest increase in shareholding percentage demonstrates incremental position building within the existing regulatory framework.

Chambal fertilisers & chemicals Limited has received a penalty order of Rs 96,86,205 from the Income Tax Department for alleged violations related to Assessment Year 2011-12. The company disclosed this development to stock exchanges on March 10, 2026, pursuant to Regulation 30 of SEBI LODR regulations.

Penalty Details and Authority

The Assessment Unit of the Income Tax Department issued the penalty order under Section 271(1)(c) of the Income Tax Act, 1961. The company received the order on March 09, 2026, with the total penalty amount aggregating to Rs 96,86,205.

Nature of Alleged Violations

The penalty stems from two specific matters related to deduction claims in the income tax return for Assessment Year 2011-12:

River Construction Expenditure Issue

The company incurred expenditure for construction of an anicut over the Parwan River to augment water supply required for manufacturing operations. Chambal Fertilisers claimed this expenditure as revenue expenditure, which was subsequently disallowed by the Assessing Officer in the regular assessment. During appellate proceedings, it was determined that the expenditure was capital in nature, and the company became eligible for depreciation from the year of capitalization.

Fertilizer Bonds Valuation Matter

The Government of India had settled part of fertilizer subsidy dues by issuing Fertilizer Bonds. When the fair market value of these bonds fell below their book value during the year, the company applied prudence principles and recognized the diminution in value in its books of account. The Assessing Officer disallowed this claim during assessment proceedings. In appellate proceedings, it was held that the deduction is allowed only in the year when the bonds are sold, not when the diminution is recognized. The loss was subsequently allowed in the year of actual sale of the bonds.

Financial and Operational Impact

The company has stated that there is no impact on its financial, operational, or other activities, except for the penalty amount mentioned above. Chambal Fertilisers maintains confidence in its position and believes it has a strong case to contest the order on merits.

Company's Response Strategy

Chambal Fertilisers and Chemicals Limited has indicated its intention to challenge the penalty order at the appropriate appellate forum. The company expressed confidence in its legal position, stating it has a good case to contest the order based on the merits of the matters involved. This disclosure was made by Tridib Barat, Vice President - Legal & Company Secretary, ensuring compliance with regulatory requirements for material developments.