Customs authority imposes penalty on Aarti Surfactants and MD

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AARTISURF · price

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

-3.6%Reaction day

₹514.75

prior close

₹514.75

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-2.0% vs market

Specialty Chemicals peers, median of 99sector-1.2%-2.4% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.4 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.9

15m

+1.0

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6-1.6-2.0-1.2-2.4

Next day

-5.1-0.6-4.5-2.1-3.0

-4.6-0.8-3.8-2.2-2.4

-4.3-2.1-2.2-3.0-1.3

-4.4-2.1-2.3-3.3-1.1

-1.7-0.8-0.9-2.0+0.3

-5.8-3.8-2.0-3.5-2.3

15d

-7.9-6.9-1.0-6.9-1.0

-12.5-8.0-4.5-8.5-4.0

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 99Pending

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

AI summary

Aarti Surfactants and its MD Nikhil Desai received an adverse customs order on Sep 24, 2026 over reclassification of imported goods under a higher duty tariff. Total liability includes differential duty of about Rs 1.54 crore, company penalty of Rs 1.54 crore, Rs 20 lakh penalty on MD, and bond encashment of Rs 2.76 crore. Company says no material impact on operations and plans to appeal at CESTAT.

Likely market impact

Adverse customs order with about Rs 6 crore in penalties and duties; company says no material impact and will appeal at CESTAT.