Subsidiary receives GST show cause notice for Rs 153.60 crore

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

-1.2%Reaction day

₹1548.20

prior close

₹1541.50

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.6% vs market

Residential Commercial Projects peers, median of 60sector+0.2%-1.4% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 1.4 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 60Pending

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AI summary

Prestige Mulund Realty, a subsidiary, received an October 6, 2025 show cause notice from the Mumbai GST intelligence authority alleging non-payment or short payment of GST. It must respond within 30 days. The tax demand is Rs 153.60 crore, plus an equal penalty and interest. The company says the demand is not maintainable and is evaluating its response.

Likely market impact

The company expects no impact on financials or operations, but the potential tax, penalty and interest exposure could increase stock volatility.