Bhageria Industries Limited has informed the Exchange about General Updates

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BHAGERIA · price

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

-1.1%Reaction day

₹180.93

prior close

₹180.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-2.6% vs market

Dyes And Pigments peers, median of 8sector+2.6%-3.8% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.8 pts less than its Dyes And Pigments 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

10m

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15m

+0.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+1.4-2.6+2.6-3.8

Next day

-0.2+1.6-1.9+1.5-1.8

+1.7+2.6-0.9+1.8-0.1

-0.2+2.8-3.1+0.7-1.0

-1.3+2.1-3.5+0.3-1.6

-0.6+2.2-2.8-1.6+1.0

-5.0-1.5-3.5-4.0-1.0

15d

-11.6-5.7-6.0-6.0-5.6

-4.5-5.5+1.0-8.3+3.9

-15.5-6.3-9.1-13.1-2.4

-22.6-11.1-11.5-20.5-2.1

UpDownMarket · Nifty Microcap 250Sector · Dyes And Pigments peers, median of 8Pending

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

AI summary

Bhageria Industries has received a GST demand order from the Additional Commissioner, CGST & Central Excise, Palghar Commissionerate, dated December 30, 2025. The order confirms penalties of ₹1.80 crore and ₹75.17 lakh under Section 74(1) of the CGST Act for alleged excess availment of Input Tax Credit (ITC) on Compensation Cess across FY 2018-19 to FY 2024-25. Additional tax demands include ₹37.48 lakh in IGST and ₹3.87 lakh each in IGST and SGST for excess ITC claimed in GSTR-3B versus GSTR-2A, along with applicable interest and penalties. The total monetary impact is approximately ₹3 crore. The company has stated it will file an appeal before the Commissioner (Appeals) and claims no material impact on its financial operations or other activities.

Likely market impact

The order involves a total demand of roughly ₹3 crore, which is not considered material by the company. However, if the appeal is unsuccessful, this could become a financial liability. Investors should monitor the outcome of the appeal and any further disclosures.