GST appellate order raises demand to 18.28 crore against Balmer Lawrie

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BALMLAWRIE · price

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

-0.4%Reaction day

₹174.60

prior close

₹174.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+0.2% vs market

Diversified peers, median of 13sector-1.2%+0.9% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.9 pts more than its Diversified 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

+0.3

15m

+0.1

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.6+0.2-1.2+0.9

Next day

-0.4-0.1-0.3-0.2-0.2

+0.2+0.2-0.0+0.3-0.2

+1.2+0.4+0.8-0.5+1.7

+0.5+0.0+0.5-1.5+1.9

+1.3+0.6+0.7-0.2+1.5

+1.9+0.7+1.2+0.5+1.4

15d

+0.8+1.5-0.7-0.5+1.3

-5.0+0.2-5.2-3.5-1.5

-10.1-3.7-6.4-7.6-2.5

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UpDownMarket · Nifty Microcap 250Sector · Diversified peers, median of 13Pending

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

AI summary

Balmer Lawrie received an appellate order from Karnataka GST authorities for FY 2020-21, raising a demand of 18.28 crore (tax 8.81 cr, interest 8.59 cr, penalty 0.88 cr) on alleged short declaration of outward supplies in GSTR-3B versus GSTR-1 and excess ITC under reverse charge mechanism. Original disputed amount was 31.72 lakh. Company is examining the order and evaluating further legal remedies.

Likely market impact

Adverse GST appellate order raises demand from 31.72 lakh to 18.28 crore. Company evaluating further appeal; ops not materially impacted.