Income tax notice to Brainbees ESOP Trust over share issuance pricing for AY 2022-23

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FIRSTCRY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.8%Reaction day

₹228.00

prior close

₹229.99

announcement price

After-mkt

timing

Nifty Smallcap 250market+1.0%-1.8% vs market

E-Retail/ E-Commerce peers, median of 13sector-0.0%-0.8% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Smallcap 250 and 0.8 pts less than its E-Retail/ E-Commerce 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

-0.7

10m

-0.5

15m

-0.6

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+1.0-1.8-0.0-0.8

Next day

-3.9+1.1-5.0+0.0-3.9

-5.3+1.6-6.8+1.1-6.4

-6.9+0.9-7.7+0.3-7.2

-9.1-1.1-7.9-0.3-8.8

-10.7+0.4-11.1+0.1-10.8

-5.5+2.1-7.6+1.5-7.0

15d

-7.7-0.8-6.9-1.0-6.8

-5.9+2.1-7.9+1.8-7.6

-25.3+2.6-27.8+7.7-33.0

-24.3-0.8-23.5-2.8-21.6

UpDownMarket · Nifty Smallcap 250Sector · E-Retail/ E-Commerce peers, median of 13Pending

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

AI summary

FirstCry's controlled Brainbees ESOP Trust received an Income Tax notice for Assessment Year 2022-23 regarding issuance of 1,03,62,254 shares to the trust at face value of Rs 5 per share instead of fair market value. The IT Department proposes to reassess or recompute the issuance. No demand order has been passed yet and financial impact is undetermined. The Trust says no income escaped assessment, believes it has a strong case on merit, and will pursue appropriate legal remedies.

Likely market impact

Tax notice on ESOP Trust share pricing, no demand yet. Company claims strong case. Watch for clarity on financial impact and legal outcome.