Dhanuka agritech Limited has received an assessment order from the Assistant Commissioner of Income Tax, New Delhi, demanding Rs. 83.71 lakhs for Assessment Year 2018-19. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Assessment Order Details

The income tax authority issued the assessment order under section 147 of the Income Tax Act, 1961. The company received the communication on March 09, 2026.

Nature of Dispute

The tax demand stems from the disallowance of claims made under section 80G of the Income Tax Act, 1961. According to the assessment order, the amount claimed under this section pertains to Corporate Social Responsibility (CSR) activities, which the tax authority has disallowed.

Company's Response

Dhanuka Agritech has contested the assessment order and taken legal recourse. The company's response includes:

• Filed a writ petition against the income tax proceeding
• Assessed the demand as not maintainable based on company's evaluation
• Expects no material impact on financial, operational, or other business activities

Financial Impact Assessment

The company has stated that based on its assessment, the demand is not maintainable. Management does not envisage any relevant impact on the company's financials, operations, or other activities due to this tax proceeding.

The disclosure was made by Company Secretary and Compliance Officer Jitin Sadana as part of the company's regulatory compliance obligations under SEBI listing regulations.

Dhanuka Agritech Ltd has received disclosure from DSP Trustee Private Limited regarding an increase in shareholding to 9.36% following open market purchases made in February 2026. The acquisition represents compliance with SEBI's substantial acquisition reporting requirements under the takeover regulations.

Shareholding Details and Transaction Summary

DSP Trustee Private Limited, acting on behalf of DSP Mutual Fund schemes, acquired 10,350 shares of Dhanuka Agritech Ltd on February 16, 2026. The purchase was executed by two specific schemes - DSP Small Cap and DSP Business Cycle Fund - through open market transactions.

Holdings Before and After Transaction

The acquisition resulted in a change in shareholding that exceeded the 2% threshold requiring disclosure under SEBI regulations. Prior to the transaction, DSP Trustee Private Limited held 42,07,796 shares representing 9.33% of the paid-up capital.

Regulatory Compliance and Reporting

DSP Trustee Private Limited serves as trustee for schemes launched by DSP Mutual Fund and DSP Alternative Investment Fund, with DSP Asset Managers Private Limited acting as Investment Manager. The entity had previously reported crossing the 5% threshold in Dhanuka Agritech Ltd through a letter dated June 14, 2018.

Under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, any change in holdings that results in an increase or decrease exceeding 2% of total shareholding requires disclosure. The current transaction triggered this reporting requirement.

Company Capital Structure

Dhanuka Agritech Ltd maintains its equity share capital structure with no changes resulting from this transaction. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

The disclosure was filed by Dr. Pritesh Majmudar, Compliance Officer and Company Secretary of DSP Asset Managers Private Limited, on February 18, 2026, from Mumbai.