ABFRL gets Rs 13.77 cr tax demand from State Tax dept; plans to appeal

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ABFRL · price

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prior close

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%-0.3% vs market

Speciality Retail peers, median of 17sector+0.7%+0.3% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.3 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Speciality Retail peers, median of 17Pending

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AI summary

Deputy Commissioner of State Tax, Mumbai issued an order dated December 15, 2025, demanding Rs 13.77 crore from ABFRL. This includes tax of Rs 7.16 crore, interest of Rs 5.90 crore, and penalty of Rs 72 lakh. The dispute relates to alleged mismatches in input tax credit claims under GST (GSTR-1 vs 9, and import ITC with GSTR2A). Company received the order on December 16, 2025, states the demand is not tenable, and plans to file an appeal before the Appellate Authority.

Likely market impact

Company will appeal; no expected hit to operations. Demand is disputed and small relative to overall business size.