S Chand and Company Shares Rise Over 3% After ₹15.67 Crore Income Tax Refund Intimation

Mumbai, December 31, 2025
S Chand and Company Limited (NSE: SCHAND) shares traded higher in Wednesday’s session after the company informed exchanges about the receipt of an income tax refund order amounting to ₹15.67 crore, including interest, for the assessment year 2018–19.

At around 12:33 PM IST, the stock was trading at ₹159.25, up ₹5.28 or 3.43%, compared with the previous close of ₹153.97. The scrip opened at ₹153.69, touched an intraday high of ₹159.52 and a low of ₹153.00 during the session. The volume-weighted average price stood at ₹157.32.

Income Tax Refund Details​

In its disclosure dated December 31, 2025, S Chand and Company stated that it has received a refund order from the Income Tax Department following the filing of a revised return after approval of a scheme of arrangement by the National Company Law Tribunal. The refund pertains to the assessment year 2018–19.

As per the intimation, the total refund amount is ₹15.67 crore, which includes an interest component of ₹5.31 crore. The company indicated that the receipt of this refund is expected to improve its liquidity position, while the interest portion will have a positive impact on profitability.

Market Reaction​

The stock’s upward movement reflected positive investor response to the improvement in near-term liquidity visibility. Buying interest remained dominant through the session, with the scrip trading close to its intraday high.

About the Company​

S Chand and Company Limited is an India-based education content company engaged in publishing and distribution of educational books and digital learning solutions. The company is listed on both the NSE and BSE and caters to the K–12, higher education, and competitive exam segments across domestic and international markets.