Updates
With reference to the earlier announcement dated May 17, 2016, Golden Tobacco Ltd has now informed BSE that the Company has received a Demand Notice from office of the Tax Recovery Officer, Aayakar Bhavan, Mumbai vide letter dated June 15, 2016 for recovery of principal amount. Updates
Golden Tobacco Ltd has informed BSE that in view of the Supreme Court Order dated May 12, 2016 in the matter of Director General of Income Tax (Admn.) & Anr against the Company, the pending Modified Draft Rehabilitation Scheme (MDRS) before the BIFR is not maintainable.Since, the Companys Net Worth has been fully eroded as on March 31, 2016 therefore, the Board of Directors of the Company at its Meeting held on May 23, 2016 decided to file... Outcome of Board Meeting
Golden Tobacco Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2016, inter alia, have approved / taken on record the following:- Re-appointment of Shri Jaskaran S. Khurana as Executive Director of the Company w.e.f. May 23, 2016, subject to approval of the Members and other requisite authorities, if any. Standalone & Consolidated Financial Results, Form A, Auditors Report for March 31, 2016
Golden Tobacco Ltd has informed BSE about : 1. Standalone Financial Results for the period ended March 31, 20162. Consolidated Financial Results for the period ended March 31, 20163. Standalone Form A for the period ended March 31, 20164. Consolidated Form A for the period ended March 31, 20165. Standalone Auditors Report for the period ended March 31, 20166. Consolidated Auditors Report for the period ended March 31, 2016 Updates
With reference to the earlier letter dated May 17, 2016, Golden Tobacco Ltd has now informed BSE that kindly read amount of Rs. 51.17 Crore in place of Rs. 51.17. Revised letter is enclosed herewith. Updates
Golden Tobacco Ltd has informed BSE that the Hon'ble Supreme Court has disposed of civil Appeal No. 5038 of 2016 filed by Director General of Income Tax (admn.) & Anr against the Company and passed order on May 12, 2016. Essence and major implications of the order are as follows:1. The Company's Modified Draft Rehabilitation Scheme (MDRS) pending before the BIFR / Monitoring Agency is not Maintainable, as the Company's sanctioned scheme was expired on March 31, 2011.... Golden Tobacco to challenge Rs 80.71-crore penalty before ITAT
NEW DELHI: Dalmia Group firm Golden Tobacco Ltd today said it will challenge Rs 80.71-crore penalty confirmed by the appellate authority of the Income Tax department. The company, which is already contesting the original demands at various levels, would also challenge it before the Income Tax Appellate Tribunal (ITAT), Golden Tobacco said in a BSE filing. "The company is likely to succeed, consequently these demand will automatically be quashed. The company will further challenge these orders also before ITAT," it said. The commissioner of Income Tax (Appeals) has confirmed penalty on the company for assessment year 1984-85 and 1986-87 totalling Rs 80.71 crore. Golden Tobacco has cigarettes brands as Panama, Taj Chhap Deluxe, Style Mini Kings, Chancellor, Platinum, Flair Kings and June Slim. It also sells cigars under the brand name of Just Black and Lips. Updates
Golden Tobacco Ltd has informed BSE that in relation to the various contingent income tax demands which are being contested by the Company and are part of the disclosure as per last Audited Accounts, penalty proceedings under various sections pending with the Commissioner of Income Tax (Appeals), have been confirmed in respect of Assessment Year 1984-85 to 1986-87, total amount Rs. 80,71,53,930/-.... Board Intimation for Results & Closure of Trading Window
Golden Tobacco Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 23, 2016, inter-alia, to consider and approve the audited financial results for the quarter and year ended March 31, 2016.Further, as per the Company's Code of Conduct and pursuant to SEBI (Prohibition of Insider Trading) Regulation, 2015, the trading window for dealing in the securities of the Company will remain closed...