Neeraj Paper Marketing Wins Tax Appeal Against Rs. 29.30 Lakh Addition

Neeraj Paper Marketing Limited , a company listed on the BSE with scrip code 539409, has successfully challenged a tax addition made by the Deputy Commissioner of Income Tax (DCIT). The Commissioner of Income Tax (Appeals) ruled in favor of the company, stating that the matter was already covered by a Settlement Commission order dated September 26, 2017.

Key Points of the Tax Appeal

Item	Detail
Disputed Amount	Rs. 29.30 lakh
Authority	Commissioner of Income Tax (Appeals)
Basis of Appeal	Settlement Commission order dated September 26, 2017

Significance of the Ruling

The appellate authority's decision underscores a crucial aspect of tax law: once the Income Tax Settlement Commission passes an order under Section 245D(4), it becomes conclusive and cannot be reopened by assessing officers under any provision of the Income Tax Act.

Company's Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015, Neeraj Paper Marketing Limited has disclosed this development to the BSE. The company had previously filed an appeal against a disputed amount of Rs. 12,15,438 passed by DCIT in an assessment order under section 147 of the Income Tax Act, 1961 for the financial year 2012-13.

Outcome of the Appeal

The company discovered that their appeal was partly allowed by the Office of The Commissioner of Income Tax, Delhi. This information was promptly shared with the stock exchange to update the status of their tax litigations.

Implications for Investors

This ruling is significant for investors and stakeholders of Neeraj Paper Marketing Limited as it:

Resolves a substantial tax dispute in favor of the company
Demonstrates the company's proactive approach in addressing tax matters
Potentially improves the company's financial position by avoiding a significant tax liability

Investors should note that while this ruling is favorable for the company, it's essential to consider the overall financial health and performance of Neeraj Paper Marketing Limited when making investment decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+0.06%	-5.61%	-3.84%	-57.24%	+46.53%

Neeraj Paper Marketing Limited , a prominent player in the paper industry, has reported a significant turnaround in its financial performance for the first quarter. The company's board of directors also approved several key appointments and decisions during their recent meeting.

Financial Performance

The company's unaudited financial results for the quarter reveal a notable improvement in profitability:

Particulars (Rs. in Lacs)	Q1 FY2026	Q4 FY2025	Q1 FY2025
Revenue from Operations	4,787.82	4,319.84	4,377.86
Total Revenue	4,789.95	4,322.88	4,378.12
Total Expenses	4,777.27	4,329.34	4,358.29
Net Profit/(Loss)	8.87	(11.90)	14.25

Neeraj Paper Marketing Limited reported a net profit of Rs 8.87 lacs for Q1 FY2026, marking a significant improvement from the net loss of Rs 11.90 lacs in the previous quarter. The company's revenue from operations increased to Rs 4,787.82 lacs, up from Rs 4,319.84 lacs in the preceding quarter.

Board Decisions and Appointments

The board of directors, in their meeting held on August 8, 2025, made several key decisions:

Annual General Meeting: The 30th Annual General Meeting (AGM) is scheduled for September 29, 2025, to be held via video conferencing.
Secretarial Auditor Appointment: M/s Anuradha Bhatia & Associates, a well-known firm of Practicing Company Secretaries based in Delhi, has been appointed as the Secretarial Auditor for a five-year term starting from the financial year 2025-26, subject to shareholder approval at the upcoming AGM.
Reappointment of Whole Time Directors: The board approved the reappointment of Mr. Deepak Goel and Mr. Praveen Kumar Goel as Whole Time Directors for a period of three years, effective August 9, 2025, subject to shareholder approval.

Other Important Information

The Register of Members and Share Transfer Books of the company will remain closed from September 23 to September 29, 2025 (both days inclusive) for the purpose of the Annual General Meeting.
The financial results have been prepared in accordance with the Indian Accounting Standards (IND AS) as specified under the Companies Act, 2013.

Neeraj Paper Marketing Limited continues to focus on its core business segment of paper, with the recent financial results and board decisions reflecting the company's efforts to strengthen its governance and operational efficiency.

Investors and stakeholders are advised to refer to the company's website or the BSE website for further details on the financial results and board meeting outcomes.