CGST appeals in SC against favorable HC order for Camlin Fine

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

CAMLINFINE · price

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

+5.2%Reaction day

₹168.85

prior close

₹174.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.9% vs market

Specialty Chemicals peers, median of 86sector+0.3%+4.9% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.9 pts more than its Specialty Chemicals 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

+2.3

10m

+1.9

15m

+4.9

30m

+9.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.2+1.3+3.9+0.3+4.9

Next day

+1.9+0.3+1.6-0.1+1.9

-0.7-0.5-0.2-0.8+0.1

-0.1+2.1-2.2+1.6-1.7

-1.1+3.1-4.2+2.0-3.1

+1.9+2.6-0.7+2.1-0.2

-2.3+0.6-2.8-0.1-2.1

15d

-17.1-1.4-15.7-3.6-13.5

-17.7-6.9-10.7-9.0-8.7

-39.0-7.7-31.3-9.2-29.8

-22.1+7.0-29.0+2.9-25.0

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 86Pending

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

AI summary

The CGST and Central Excise office, Palghar has filed an appeal in the Supreme Court against the Bombay High Court order of September 11, 2025. The High Court had quashed and set aside an IGST demand of about Rs 3.33 crore for October 2017 to March 2022, along with interest and penalty. The company received a copy of the appeal on February 3, 2026. The High Court order remains in force unless changed by the Supreme Court.

Likely market impact

Adverse update. Favorable ruling on Rs 3.33 crore IGST demand now under SC appeal. Watch for any interim stay.