Coromandel International (COROMANDEL) — Announcement

📢 Key Event
Order confirmed tax demand related to input tax credit mismatch

🔄 What Changed
Order received confirming tax liability

🔮 What's Next
Appeal to be filed before GST Appellate Tribunal

💡 Investor Takeaway
The tax issue is limited in scope with no material financial impact and is being contested through formal appeal channels.

Coromandel International disclosed an order from the Joint Commissioner (Appeals) in Jammu confirming a tax demand of Rs. 1.235 million plus penalty and interest for alleged input tax credit mismatches in FY 2018-19. The company states no significant financial or operational impact and plans to appeal to the GST Appellate Tribunal. This regulatory action requires compliance but poses minimal near-term risk to shareholders.

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About Coromandel International Limited (COROMANDEL)

Chemicals · Fertilizers · Listed on NSE

Market Cap: ₹56,243.41 Cr P/E: 30.7 ROE: 14.2% ROCE: 21.0% Div Yield: 0.58%

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🔥 Also filed on 21 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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