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NDL

Nandan Denim receives ₹21.07 crore income tax demand for AY 2019-20, plans appeal

Source |13:14 31 May 25

legal taxation

Nandan Denim Limited (NDL) announced on 31 May 2025 that it has received an order from the Income Tax Department.

The order, issued by the Commissioner of Income Tax, Ahmedabad, under Section 144C(3) r.w.s. 143(3) r.w.s. 147 of the Income Tax Act, 1961, pertains to Assessment Year 2019-20.
The order was dated 28 May 2025 and received by the company on 31 May 2025.
It disallows income of ₹ 21,80,29,672, which includes ₹ 12,28,04,122 related to Section 80IA and ₹ 9,52,25,550 for other matters.
A demand of ₹ 21,07,00,161 has been raised for the Assessment Year 2019-20.
The company intends to file an appeal before the Appellate Authority and expresses full confidence that the demand will be set aside.
Nandan Denim Limited highlighted that matters related to Section 80IA and interest subsidy have previously been ruled in the company's favor by the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal (ITAT) in earlier years.
The company stated that the assessment order will have no material impact on its financial, operational, or other activities.

NDL

Nandan Denim Q4 & FY25: Revenue up, Net Profit declines; Key Auditor Re-appointments Approved

Source |09:11 23 May 25

results corporate actions

Nandan Denim Limited's Board of Directors met on 23 May 2025, from 11:00 A.M. to 02:20 P.M., to consider and approve the audited financial results for the quarter and year ended 31 March 2025. The Statutory Auditors issued an unmodified opinion on the financial results.

Key financial highlights (Standalone Audited Results):

For the Quarter Ended 31 March 2025:
- Revenue from operations increased to ₹1,048.65 crore from ₹579.12 crore in the quarter ended 31 March 2024.
- Net Profit for the period decreased to ₹10.63 crore from ₹27.08 crore in the corresponding quarter of the previous year.
- Basic Earnings Per Share (Face Value ₹1) was ₹0.07, down from ₹0.19 in the quarter ended 31 March 2024.
For the Year Ended 31 March 2025:
- Revenue from operations significantly rose to ₹3,546.68 crore from ₹2,010.09 crore in the financial year ended 31 March 2024.
- Net Profit for the period decreased to ₹33.48 crore from ₹44.94 crore in the previous financial year.
- Basic Earnings Per Share (Face Value ₹1) was ₹0.23, down from ₹0.31 in the financial year ended 31 March 2024.

Other significant approvals and information:

The Board approved the re-appointment of M/s A.G. Tulsian & Co. as Cost Auditors for the Financial Year 2025-26.
M/s. Talati & Talati LLP were re-appointed as Internal Auditors for the Financial Year 2025-26.
The company noted that pursuant to a resolution passed at the Shareholders meeting on 6 September 2024, one equity share of face value ₹10/- each was sub-divided into 10 equity shares of face value ₹1/- each. This sub-division's impact has been considered for the computation of earnings per share.
Nandan Denim Limited operates in a single reportable segment, Textiles.

NDL

Nandan Denim Announces Trading Window Closure from 1 Apr 25

Source |03:24 28 Apr 25

regulatory filings corporate actions

Nandan Denim Limited (NDL) announced the closure of its trading window for dealing in company securities for designated persons, connected persons, and their relatives from 1 Apr 25. This closure will remain in effect until 48 hours after the declaration of audited financial results for the quarter and year ending 31 Mar 25. The date of the board meeting to consider these financial results will be announced separately.