GST and central excise appeal cancels Rs 4.10 crore demand

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

-0.8%Reaction day

₹1391.50

prior close

₹1385.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.8% vs market

Other Textile Products peers, median of 171sector+0.0%-0.8% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 0.8 pts less than its Other Textile Products 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.8+1.0-1.8+0.0-0.8

Next day

-0.8+1.5-2.3+0.5-1.3

-1.8+1.0-2.8+0.3-2.0

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+0.4+2.6-2.2+1.9-1.6

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15d

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-15.2-6.3-8.9-10.5-4.7

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 171Pending

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AI summary

The Commissioner of GST and Central Excise (Appeals), Coimbatore, set aside the 27 April 2023 order and cancelled the full Rs 4.10 crore tax demand. The demand originated from notices dated 11 and 21 July 2008. The company received the appellate order on 14 October 2025.

Likely market impact

Positive: the Rs 4.10 crore demand is cancelled, removing a possible financial burden. The company reports no impact on its finances or operations.