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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Asian Star Company Ltd-$

Asian Star Company Ltd: Receives Rs. 16.12 Crore Tax Penalty Order

REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 06:43 PM IST  ·  BSE ID: 59b76325-50cc-4713-8cbd-1060aae6a1b4
View Original BSE Filing (PDF)
💡
In Simple Terms
The company was ordered to pay a tax penalty of over Rs. 16 crore but is appealing the decision.
🤖 AI Summary
  • Asian Star Company received a penalty order of Rs. 16,12,74,109 from the Income Tax Department.
  • The penalty is under Section 271G of the Income-tax Act, 1961, for alleged contraventions.
  • The company received the order on September 29, 2026, dated September 28, 2026.
  • Asian Star Company believes the penalty is not sustainable and has filed an appeal.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Penalty Amount
Rs. 16,12,74,109
🏢 How This Affects the Company
💰
Financial Impact
The company states it believes the penalty order is not sustainable and expects no impact on its financials, operations, or other activities due to the order. This assessment is pending the outcome of its appeal.
⚠️
Risk Impact
A penalty order from the Income Tax Department introduces a regulatory and financial risk, although the company is taking steps to mitigate this by filing an appeal.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Monitor the appeal process.
👤
Who Is Affected
All shareholders are potentially affected by regulatory actions and the company's financial health, though the company anticipates no impact from this specific order.
🔍
Management Signal
Management's decisive action to appeal the penalty order signals confidence in challenging the authority's decision and protecting company finances.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Update on the appeal filed against the penalty order.
Any further communication from the Income Tax Department regarding the penalty.
Company's future compliance mechanisms to prevent such issues.
MEDIUM RISK Receipt of a significant tax penalty order from the Income Tax Department.
💡 Investor Takeaway
Asian Star Company received a Rs. 16,12,74,109 penalty order under the Income-tax Act, 1961. The company believes it is not sustainable and has appealed, anticipating no financial impact.
⚖️ Strengths & Concerns

⚠️ Concerns

  • The company has been levied a penalty of Rs. 16,12,74,109 under Section 271G of the Income-tax Act, 1961.
❓ Frequently Asked Questions
What penalty was imposed on Asian Star Company by the Income Tax Department?
The Income Tax Department imposed a penalty of Rs. 16,12,74,109 on Asian Star Company under Section 271G of the Income-tax Act, 1961.
When did Asian Star Company receive the penalty order?
Asian Star Company received the penalty order, dated September 28, 2026, via email on September 29, 2026.
What is Asian Star Company's response to the penalty order?
Asian Star Company believes the penalty order is not sustainable and has filed an appeal before the appropriate appellate authority.
What is the expected financial impact of the penalty on Asian Star Company?
The company believes there will be no impact on its financials, operations, or other activities due to this order, pending the appeal outcome.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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