Borosil Renewables gets Customs Show Cause Notice for Rs 13.30 cr duty demand

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BORORENEW · price

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

-1.6%Reaction day

₹498.75

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-0.4% vs market

Industrial Products peers, median of 326sector · industry level-1.2%-0.4% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Borosil Renewables received a Show Cause Notice dated May 15, 2026 from the Commissioner of Customs, JNCH Nhava Sheva, alleging short payment of customs duty of Rs 13.30 crores on tariff classification of two capital goods imports. The notice asks why this amount should not be demanded along with interest and penalty. The company is evaluating the matter and will submit its reply within the prescribed time.

Likely market impact

Potential financial liability of Rs 13.30 cr plus interest and penalty. No immediate impact until the company responds and a final outcome is known.