Star Paper Mills Ltd — Ex-parte UPVAT assessment order Rs. 115.27 lacs for FY 2015-16
REGULATORY
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 01 May 2026, 06:01 PM IST · BSE ID: 210d889f-8255-4a84-b0d1-d7bbb7c189da
View Original BSE Filing (PDF)
💡
In Simple Terms
The tax department issued an assessment order claiming the company owes Rs. 115.27 lacs in additional taxes for 2015-16; the company disputes this and will appeal.
🤖 AI Summary
- Ex-parte UPVAT assessment order for FY 2015-16 dated 30 March 2026, received 1 May 2026
- Additional tax demand: Rs. 115.27 lacs from Deputy Commissioner, Sector-2, Saharanpur
- Company disputes order; will file review application to re-open case and assessment
- Management confirms no material impact on finance, operations or company activities
🔢 Key Numbers — exact figures from BSE filing, not rounded
Additional tax demanded (UPVAT FY 2015-16)
Rs. 115.27 lacs
Assessment order date
30 March 2026
Filing receipt date
1 May 2026
🏢 How This Affects the Company
Order demands Rs. 115.27 lacs in additional tax for FY 2015-16. Company states no material impact on financial position or operations.
Tax dispute with state authorities increases regulatory risk. Outcome of review application will determine final liability.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor BSE filings for updates on review application outcome and any material impact disclosure.
👤
Who Is Affected
All shareholders. If appeal fails, Rs. 115.27 lacs becomes confirmed tax liability affecting company cash flow and net profit.
🔍
Management Signal
Company is contesting the assessment actively rather than accepting it, indicating confidence in tax position and compliance stance on historical liability.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Review application filing status and Deputy Commissioner response in next 60-90 days
Any follow-up BSE disclosure if assessment upheld or overturned or settlement reached
FY 2025-26 audit commentary on contingent liability classification for this tax dispute
MEDIUM RISK
Ex-parte order carries execution risk. Outcome uncertain pending review. If upheld, creates Rs. 115.27 lacs confirmed liability and future audit exposure.
💡 Investor Takeaway
Star Paper Mills received ex-parte UPVAT assessment for FY 2015-16 demanding Rs. 115.27 lacs additional tax. Company disputes order and will pursue review. Management confirms no material financial impact currently.
⚖️ Strengths & Concerns
⚠️ Concerns
- Ex-parte assessment order indicates company was not present during proceedings; creates litigation burden and uncertainty.
- Tax demand of Rs. 115.27 lacs for decade-old financial year suggests possible historical compliance gaps requiring resolution.