Bansal Wire wins GST appeal, tax liability cut to zero

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BANSALWIRE · price

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

-0.9%Reaction day

₹275.00

prior close

₹272.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+0.5% vs market

Iron & Steel Products peers, median of 96sector-0.8%-0.1% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.1 pts less than its Iron & Steel 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

Stock

+0.3

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15m

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30m

+0.2

Sessions after the filingfrom the prior close

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Reaction day

-0.9-1.4+0.5-0.8-0.1

Next day

-2.7-1.6-1.2-1.2-1.5

-1.1-1.4+0.3-1.9+0.8

-2.2-2.7+0.4-1.9-0.3

-2.5-2.5-0.0-2.0-0.6

-3.3-2.3-1.0-2.0-1.3

-7.6-5.4-2.2-4.5-3.1

15d

-14.2-10.5-3.7-9.9-4.2

-8.2-10.3+2.1-9.5+1.3

+11.6+1.6+10.0+1.8+9.8

+14.5+3.8+10.8+1.6+13.0

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 96Pending

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

AI summary

Bansal Wire Industries won its GST appeal for FY 2019-20. The appellate authority ruled in the company's favor, reducing the tax liability from Rs. 69.39 lakh to Nil. No tax demand, penalty, or interest is payable, and there is no financial impact on the company.

Likely market impact

Positive - eliminates Rs. 69.39 lakh tax demand. Reaffirms company's strong compliance framework.