GST authority raises Rs 6.9 crore demand, company to appeal

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

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₹74.95

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.6%+0.1% vs market

Speciality Retail peers, median of 18sector+0.6%+0.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Smallcap 250 and 0.1 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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AI summary

The Joint Commissioner of Corporate Circle, Kanpur II issued an order on December 9, 2025 demanding about Rs 6.9 crore total (Rs 3.73 crore tax, Rs 2.80 crore interest, Rs 0.37 crore penalty) under GST scrutiny. Disputes relate to input tax credit claims, credit notes, e-waybill reconciliation and trade payables. The company states there is no impact on financials and believes it is not tenable, and will appeal.

Likely market impact

Company will appeal; management views demand as not tenable and reports no material impact on operations or finances.