Butterfly Gandhimathi Appliances Limited has informed the Exchange about Action(s) initiated or orders passed

Enforcement raidRegulatory & Legal View source PDF Explain this filing

BUTTERFLY · 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

+4.9%Reaction day

₹763.80

prior close

₹768.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+5.0% vs market

Household Appliances peers, median of 20sector-0.6%+5.4% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 5.4 pts more than its Household Appliances 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

+1.0

10m

-0.0

15m

-0.1

30m

+3.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.9-0.1+5.0-0.6+5.4

Next day

-0.2+0.5-0.8-0.4+0.1

+1.8+1.1+0.7-0.1+1.9

+1.3+1.0+0.3-0.6+2.0

+3.2+1.4+1.8-2.1+5.3

+2.1+1.7+0.4-1.8+3.9

+0.1+2.1-2.1-1.6+1.7

15d

-1.4+3.9-5.3+0.5-1.9

-8.0+1.2-9.3-0.3-7.7

+1.5+6.7-5.2+0.0+1.4

-4.2+2.7-6.8-0.7-3.4

UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 20Pending

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

AI summary

On May 21, 2025, the Joint Commissioner (ST) Intelligence, Chengalpattu Division, initiated search operations at the company's factory in Pudupakkam Village, Chennai under the Tamil Nadu Goods and Service Tax Act, 2017. The alleged violation is that the company claimed input tax credit in excess of its entitlement. The company has stated that normal business operations at the factory and offices remain unaffected and no financial demand has been raised by the GST authorities as of the date of disclosure.

Likely market impact

No immediate financial demand or operational disruption has been reported, but the outcome of the search could lead to a tax demand or penalty. Investors should watch for further updates on potential financial liabilities.