Afcons Infrastructure Limited has informed the Exchange about details of order received from GST Authority.

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AFCONS · price

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

+0.6%Reaction day

₹440.40

prior close

₹440.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.1% vs market

Civil Construction peers, median of 84sector-0.2%+0.8% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Smallcap 250 and 0.8 pts more than its Civil Construction 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

-0.7

10m

-0.9

15m

-1.3

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.5+0.1-0.2+0.8

Next day

+1.0-0.2+1.2-1.5+2.5

+0.2-0.4+0.5-1.7+1.9

-3.7-2.3-1.4-3.8+0.1

+3.5-1.7+5.2-2.3+5.7

-1.3-0.9-0.3-2.9+1.7

-0.6+1.4-2.0-0.0-0.6

15d

-3.7+3.0-6.7-0.4-3.2

-4.7+4.5-9.2+1.1-5.7

-3.1-1.9-1.2-5.5+2.4

+3.3+1.0+2.3-4.2+7.5

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 84Pending

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

AI summary

Afcons Infrastructure has received a penalty order of Rs. 44,71,648 from the Deputy Commissioner of State Tax, Gwalior, under Section 73 of the CGST Act 2017. The penalty relates to alleged incorrect availment of ineligible input tax credit for the period August–September 2024 (FY 2024-25). The company has decided to pay the penalty and close the matter without contesting it. Management has stated that there is no material impact on the company's financials, operations, or other activities.

Likely market impact

The penalty amount is small (around Rs. 44.7 lakhs) and the company itself says there is no material impact, so this is unlikely to affect the stock price or shareholder value meaningfully. It is a routine tax compliance matter that has been resolved quickly by paying the demand.