Bannari Amman Sugars gets GST show cause notice for FY21 of about Rs 29.76 crore

Regulatory & Legal View source PDF Explain this filing

BANARISUG · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.2%Reaction day

₹3565.00

prior close

₹3645.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.8% vs market

Sugar peers, median of 27sector+4.0%-2.8% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.8 pts less than its Sugar 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

+1.3

10m

+1.8

15m

+1.2

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2-0.6+1.8+4.0-2.8

Next day

+16.2-0.1+16.3+11.8+4.4

+13.6+0.2+13.4+10.0+3.6

+10.0+0.4+9.6+11.1-1.1

+9.8+0.0+9.8+8.0+1.8

+7.7+0.6+7.1+6.1+1.6

+10.4+0.7+9.7+4.7+5.6

15d

+1.4+1.5-0.1+0.9+0.4

-7.3+0.2-7.5-3.6-3.7

-7.4-3.7-3.7-1.0-6.4

—————

UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

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

AI summary

Bannari Amman Sugars received a show cause notice dated 18 Aug 2026 from the Karnataka GST Authority alleging excess Input Tax Credit claim of about Rs 10.14 crore for FY 2020-21. Total proposed demand including interest and penalty is about Rs 29.76 crore. The company says it had already submitted detailed replies earlier and will defend the matter. No material impact on operations is expected.

Likely market impact

Potential tax exposure of about Rs 29.76 crore but company plans to defend. No immediate material impact on operations expected by management.