GST demand of Rs 15.44 lakhs dropped in company's favor
ACUTAAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.6 pts more than Nifty Smallcap 250 and 8.9 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Acutaas Chemicals received an order dated January 20, 2026 from the Additional Commissioner, Central GST and Central Excise Appeals Commissionerate in Surat. The order dropped the earlier demand of Rs 15.44 lakhs of ineligible Input Tax Credit along with interest and an equal penalty amount. This updates the company's earlier letter from February 4, 2025 about the original order. The company states no material impact on its financials or operations.
Positive - tax demand dropped, removing a prior overhang. Impact on financials stated as none, suggesting amount was not material.