Income Tax Department Levies ₹4,11,000 Penalty on Cyient DLM Limited
Cyient DLM Limited has faced a penalty from the Income Tax (IT) Department in Hyderabad regarding compliance matters related to income tax filings. The department levied a fine of ₹4,11,000 after receiving direction or an order on August 6, 2026.The action was taken by the Income Tax Department concerning the delayed submission of Form 61A under Section 285BA of the Income-tax Act, 1961. The penalty, amounting to ₹4,11,000, was imposed under Section 271FA of the same Income-tax Act.
The company noted that this discrepancy was operational in nature and has been appropriately addressed by management.
Details of the action taken against Cyient DLM Limited are summarized below:
| Particulars | Details |
|---|---|
| Authority Involved | Income Tax (IT) Department, Hyderabad |
| Penalty Amount | ₹ 4,11,000 |
| Date of Order Receipt | August 6, 2026 |
| Violation Basis | Delayed filing of Form 61A under Section 285BA of the Income-tax Act, 1961 |
In terms of operational and financial impact, the company stated that apart from the penalty imposed, there has been no significant effect on its financial or operational activities.
CYIENTDLM Stock Price Movement
On Friday, Cyient DLM Limited shares edged higher to settle at ₹685.55, marking a 3.32% gain for the equity. The stock maintained strong trading throughout the session, finding its low at ₹658.95 and peaking within the day at ₹694.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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