S Chand and Company Limited to receive IT refund

Hon'ble NCLT vide its order dated 24th July, 2023, approved the Scheme of Arrangement filed on January 09, 2018, vide order number New 1A (Com.A)- 247/2023 in CAA-60, thereafter, the Company had filed revised Income Tax return with Income Tax Department of Government of India and after assessment of the returns, a refund order dated December 31, 2025 has been received under Section 170A of the Income Tax Act, 1961 from the Deputy Commissioner of Income Tax, Government of India for the assessment year 2018-19. As per the order the refund amount to be received by the Company is INR 15.67 crores (including interest).

Shares of S Chand And Company Limited was last trading in BSE at Rs. 153.80 as compared to the previous close of Rs. 157.00. The total number of shares traded during the day was 9046 in over 197 trades.

The stock hit an intraday high of Rs. 156.95 and intraday low of 138.55. The net turnover during the day was Rs. 1368298.00.

Source : Equity Bulls

Keywords

SChandAndCompany INE807K01035 Publishing ITRefund