BSE gets GST order over excess input tax credit, to appeal

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

+2.2%Reaction day

₹2627.10

prior close

₹2638.00

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.2%+2.0% vs market

Capital Markets peers, median of 61sector · industry level+0.1%+2.1% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Midcap 150 and 2.1 pts more than its Capital Markets 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

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Reaction day

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Next day

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15d

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+14.1-5.0+19.1-13.5+27.6

UpDownMarket · Nifty Midcap 150Sector · Capital Markets peers, median of 61Pending

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AI summary

BSE Limited has received an order from the Principal Commissioner of CGST and Central Excise, Mumbai South, under Section 73 of the CGST Act for FY April 2021 to March 2022. The order alleges the company availed excess input tax credit. Total demand is Rs. 7.25 crore, including GST of Rs. 6.59 crore and penalty of Rs. 65.9 lakh. Interest amount is not yet quantified. BSE plans to file an appeal before the appropriate authority within prescribed timelines. The company has stated no immediate impact at this stage.

Likely market impact

Demand of about Rs. 7.25 crore from tax authorities; company will appeal, so no immediate financial hit but outcome remains uncertain.