GST notice to Blue Dart Aviation seeks about Rs 420.79 crore

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

-0.2%Reaction day

₹5737.00

prior close

₹5717.50

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%-0.7% vs market

Logistics Solution Provider peers, median of 39sector+0.7%-0.9% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.9 pts less than its Logistics Solution Provider 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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UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 39Pending

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

AI summary

Blue Dart Express said wholly owned subsidiary Blue Dart Aviation received a tax demand notice on September 15, 2025. It seeks Rs 365.58 crore for GST paid under the wrong tax head, Rs 54.56 crore for ineligible tax credit, and Rs 64.98 lakh for credits on written-off materials, plus interest and penalties. The subsidiary plans to respond within 30 days; no financial or operational impact is currently expected.

Likely market impact

The proposal creates potential liability of about Rs 420.79 crore plus interest and penalties, but it is not final and no current impact is expected.