DCM Shriram Industries Ltd Receives Income Tax Refund of Rs 16.59 Crore

DCM Shriram Industries Ltd Receives Income Tax Refund of Rs 16.59 Crore

DCM Shriram Industries Ltd Receives Income Tax Refund of Rs 16.59 Crore​

DCM Shriram Industries Ltd has received a further income tax refund amounting to Rs 16.59 Crore, including interest, pertaining to the financial year ended in 2018.

The company reported the receipt of this tax refund as part of its updated tax position. The details regarding the tax related outcome indicated that there are no associated expected financial implications due to compensation or penalties.

Key financial facts concerning the income tax matter are summarized below:

AspectDetails
Tax Refund AmountRs 16.59 Crore (including interest)
Financial Year PertainingEnded 2018
Expected Financial ImplicationsN.A.

DCMSRIND Stock Price Movement​

Shares of DCM Shriram Industries Limited are rallying as of 1:56 PM, trading at ₹42.77 after climbing by 6.95%. The stock maintains robust activity during the live market session, currently backed by a volume of 717,391 shares.
 

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