CGST Indore orders Rs 58.18 lakh demand; ABFRL to appeal

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ABFRL · price

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

+1.3%Reaction day

₹77.45

prior close

₹77.78

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%+0.9% vs market

Speciality Retail peers, median of 16sector+0.3%+0.9% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Smallcap 250 and 0.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.3+0.4+0.9+0.3+0.9

Next day

+0.3+0.5-0.1+1.5-1.2

-0.7+0.3-1.0+1.4-2.2

-0.8-0.2-0.6+0.1-0.9

-1.9-0.4-1.4-0.4-1.5

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+0.5+1.4-0.9-0.2+0.6

15d

-5.9-1.7-4.2-6.6+0.7

-20.5-7.6-12.9-11.9-8.6

-10.1-3.2-6.8-10.4+0.4

-26.6-14.1-12.6-21.2-5.4

UpDownMarket · Nifty Smallcap 250Sector · Speciality Retail peers, median of 16Pending

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

AI summary

ABFRL received a tax demand order dated December 22, 2025 from the Assistant Commissioner of CGST and Central Excise, Indore. The order in Form DRC-07 imposes a tax demand of Rs 29.09 lakh plus an equal penalty, totaling about Rs 58.18 lakh. The dispute relates to input tax credit claimed in GSTR3B. The company says there is no material impact on financials or operations, believes the demand is not tenable, and plans to file an appeal before the Appellate Authority.

Likely market impact

Small tax demand relative to company size. Company plans to appeal and sees no material financial impact. Monitor appeal outcome.