GST appeal won; tax demand of about Rs 1.01 crore set aside to Nil

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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

₹272.70

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.

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Reaction day

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Next day

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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 2020-21. The Additional Commissioner Grade-II Appellate Authority ruled in the company's favor on February 18, 2026, reducing the tax liability from Rs. 1,01,31,788 to Nil. No tax demand, penalty, or interest now arises, and the company confirms no financial impact. The original assessment had alleged issues with E-way bills, blocked and excess ITC, and non-payment of tax on RODTEP license sales.

Likely market impact

Positive; tax demand of about Rs 1.01 crore fully set aside, no financial impact on the company