Tax demand of Rs 4.26 cr dropped, no financial impact

Regulatory & Legal View source PDF Explain this filing

AETHER · price

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

+0.2%Reaction day

₹1662.00

prior close

₹1670.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.0%+0.2% vs market

Specialty Chemicals peers, median of 101sector-0.6%+0.8% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.8 pts more 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

+0.6

10m

+0.2

15m

+0.7

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2+0.0+0.2-0.6+0.8

Next day

+8.2+1.3+6.9+1.0+7.3

+7.5+1.1+6.5+1.0+6.6

+4.6-1.7+6.4-1.0+5.6

+5.6-1.4+7.1-1.0+6.6

+7.1-0.6+7.7-0.0+7.1

+1.2+0.3+1.0+0.5+0.7

15d

-7.7pendingpending-5.9-1.8

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 101Pending

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

AI summary

Aether Industries informs that a tax demand and show cause notice worth Rs 4.26 crore plus interest from the CGST authority in Surat, related to IPO expense tax credits for FY 2020-21 and FY 2021-22, has been dropped. The order issued on October 1, 2026 found the tax credit fair and legitimate, with no financial implications for the company.

Likely market impact

Positive for shareholders - removes the overhang of the Rs 4.26 cr tax demand with no liability for the company.