Paradeep Phosphates schedules plant visit for analysts on May 29

Paradeep Phosphates Limited has scheduled a plant visit for analysts and investors at its Paradeep facility in Odisha on May 29, 2026. The company stated that no unpublished price-sensitive information is intended to be discussed during the visit.

The interaction is organized as a physical group meet. The schedule is subject to change due to exigencies on the part of the analysts, institutional investors, or the company.

Details of the Plant Visit

Date	Location	Nature of Meeting	Mode of Interaction
Friday, 29th May, 2026	Paradeep Plant at PPL Township, Paradeep - 754145, Odisha, India	Group Meet	Physical

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.12%	+8.43%	+11.45%	-13.43%	-20.76%	+205.81%

Paradeep Phosphates Limited has announced a significant development regarding its material litigation concerning an income tax demand. The Assistant Commissioner of Income Tax, Circle-1(1), Bhubaneswar, has passed a rectification order under Section 154 of the Income-tax Act, 1961. This order effectively quashes the income tax demand of ₹20.61 crore that was previously raised for Assessment Year 2020-21.

Rectification Order Details

The tax authority had initially raised the demand on February 28, 2025, citing adjustments related to higher carry forward loss and MAT credit for earlier years. Following the assessment, the company had filed an appeal before the First Appellate Authority on April 3, 2025. While the appeal was pending disposal, the company filed an application under Section 154 before the Assistant Commissioner of Income Tax.

Financial Impact

The rectification order, dated May 20, 2026, has resulted in a favorable outcome for Paradeep Phosphates. The authority not only quashed the demand but also sanctioned a refund of ₹20.57 crore to the company. This development resolves the litigation concerning the tax demand for the specified assessment year.

Litigation Status Summary

Particulars	Details
Assessment Year	2020-21
Original Demand	₹20.61 crore
Refund Granted	₹20.57 crore
Order Date	May 20, 2026
Authority	Assistant Commissioner of Income Tax, Circle-1(1), Bhubaneswar