NSEAction(s) initiated or orders passed1 Jul 2026 · 1 Jul 2026, 07:42 pm
Action(s) initiated or orders passed
Archean Chemical Industries Limited · ACI
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Archean Chemical Industries Limited has received a penalty order from the Deputy Commissioner of Income Tax under section 270A of the Income Tax Act, 1961 for under-reported income for the AY 2017-18, amounting to Rs. 34,24,248. The company will contest the order by filing an appeal.
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Archean Chemical Industries Limited has informed the Exchange about Action(s) initiated or orders passed
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ARCHEAN_01072026193914_Intimation.pdf
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Archean Chemical Industries Limited
Life’s good with our chemistry
July 01, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza Listing Operations
Bandra-Kurla Complex, Bandra (E) P J Towers Dalal Street
Mumbai-400051 Mumbai-400001
Symbol-ACI Scrip Code- 543657
Dear Sir/Madam,
Sub: Intimation of Order under section 270A of the Income Tax Act, 1961
Reference: Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule
III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015,
(“SEBI LODR”) we hereby intimate the order received imposing penalty for the AY
2017-18 under section 270A of the Income Tax Act, 1961.
The Company will be contesting the order by filing appeal before the Commissioner
of Income Tax (Appeals) within the prescribed timelines. Based on a preliminary
assessment, the Company is hopeful of a favorable outcome and does not
reasonably expect the same to have any material financial impact on the Company.
The requisite details, as per Regulation 30 read with Schedule III of the Listing
Regulations and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026, are attached with this intimation as Annexure-I.
The above information will also be available on the website of the Company at
www.archeanchemicals.com
Kindly take the same on record.
Thanking you
Yours faithfully
For ARCHEAN CHEMICAL INDUSTRIES LIMITED
VIAJAYARAGHAVAN N E
Company Secretary and Compliance Officer
M. No. A41671
Encl: As Above
Regd. Office : No.2, North Crescent Road, T Nagar, Chennai – 600017, Tamil Nadu, India. Ph: +91 44- 61099999
www.archeanchemicals.com, info@archeanchemicals.com; CIN: L24298TN2009PLC072270; GSTIN: 33AAHCA8471D3ZR
Archean Chemical Industries Limited
Life’s good with our chemistry
Annexure-I
Sl. No. Particular Details
1 Name of the authority Deputy Commissioner of Income Tax-
Central Circle 1(4), Chennai
2 Nature and details of the The Penalty order is passed u/s 274 read
order passed with section 270A of the Income Tax Act,
1961 amounting to Rs. 34,24,248 for the AY
2017-18.
3 Date of receipt of direction Order received on June 30, 2026.
or order, including any ad-
interim or interim orders, or
any other communication
from the authority
4 Details of the Penalty proceeding for under-reported
violation(s)/contravention(s) income which is in consequence of
committed or alleged to be misreporting thereof.
committed
5 Impact on financial, The Company is in the process of filing
operation or other activities appeal against the present penalty orders.
of the listed entity, The financial impact of the demand if any
quantifiable in monetary is to the extent of the Income Tax and
terms to the extent possible Interest.
Regd. Office : No.2, North Crescent Road, T Nagar, Chennai – 600017, Tamil Nadu, India. Ph: +91 44- 61099999
www.archeanchemicals.com, info@archeanchemicals.com; CIN: L24298TN2009PLC072270; GSTIN: 33AAHCA8471D3ZR