Eternal Limited has informed the exchange regarding 3 orders received from Joint Commissioner, Appeals-4, Bengaluru

Regulatory & Legal View source PDF Explain this filing

ETERNAL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹320.50

prior close

₹317.30

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.1%+1.2% vs market

E-Retail/ E-Commerce peers, median of 13sector+0.0%+0.1% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty 100 and 0.1 pts more than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty 100Sector · E-Retail/ E-Commerce peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Eternal Limited has received 3 GST orders from the Joint Commissioner (Appeals-4), Bengaluru for the period July 2017 to March 2020. The total confirmed demand is ₹17.19 crore in GST, ₹21.42 crore in interest, and ₹1.72 crore in penalty — adding up to roughly ₹40.33 crore. The orders relate to alleged short payment of output tax and excess claim of input tax credit under the Central and Karnataka GST Acts. The company plans to file appeals before the appropriate authority, stating it has a strong case supported by legal opinion.

Likely market impact

The company does not expect any financial impact as it intends to appeal, and the amounts are relatively small compared to Eternal's overall scale. This is a regulatory tax dispute and unlikely to move the stock significantly unless the appeal outcome goes against the company.