Camlin Fine Sciences has been hit with a tax demand of approximately INR 5.47 crore for the fiscal year 2023-24, primarily due to concerns over related party transactions. The company intends to lodge an appeal against this demand.

Ashish S. Dandekar, promoter of Camlin Fine Sciences, has committed 6.5 lakh shares (approximately 0.34% of the company's capital) as a pledge to Ashika Credit Capital, aiming to secure additional margin.