Dai-ichi Karkaria Limited has successfully concluded a tax litigation matter, receiving a favorable income tax refund of ₹8,47,704 from the Income Tax Department. The company announced this development through a regulatory filing under Regulation 30 of the SEBI (LODR) Regulations, 2015, marking a positive resolution to proceedings related to Assessment Year 2017-18.

ITAT Victory Leads to Tax Refund

The company received an order from the Income-Tax Assessing Officer via email on January 7, 2026, implementing the Income Tax Appellate Tribunal's (ITAT) decision dated June 30, 2025, which ruled in favor of Dai-ichi Karkaria Limited. The tribunal's favorable verdict has resulted in the Income Tax Department granting a comprehensive refund to the company.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations by providing detailed information under multiple regulatory frameworks. The filing includes comprehensive details as required under Regulation 30 of the SEBI Listing Regulations, along with compliance to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Background and Timeline

This latest development follows the company's previous intimation filed on January 20, 2025, regarding an Order under Section 250 of the Income Tax Act, 1961, which was received on January 17, 2025. The successful resolution demonstrates the company's effective handling of tax-related proceedings and its commitment to transparent regulatory reporting.

Financial Impact

The refund amount of ₹8,47,704 represents a positive cash flow for Dai-ichi Karkaria Limited, with no additional financial implications expected from this matter. The company has indicated that no further action is required following the receipt of this favorable order, suggesting the complete resolution of this particular tax dispute for Assessment Year 2017-18.

Dai-ichi Karkaria Limited announced a significant change in its senior management structure. Mr. Tajendra Gupta, who held the position of Business Head and was part of the company's Senior Management Personnel, has tendered his resignation.

Key Details of the Resignation

Additional Information

The company disclosed this development in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dai-ichi Karkaria Limited affirmed that Mr. Gupta's resignation letter explicitly stated there were no other material reasons for his departure beyond the personal reasons cited.

Impact and Next Steps

The departure of a senior executive may potentially impact a company's operations. However, Dai-ichi Karkaria Limited has not provided any immediate information regarding a successor or the potential impact on the company's business strategy.

The company's prompt disclosure of this information aligns with regulatory requirements and demonstrates transparency in its corporate governance practices. As the effective date of the resignation approaches, stakeholders may anticipate further updates from Dai-ichi Karkaria Limited regarding any transition plans or structural changes within the senior management team.

Investors and interested parties are advised to monitor official communications from the company for any additional details or developments related to this management change.