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CANHLIFENSECanara HSBC Life Insurance Company Limited· InsuranceHighNegative
Announced Tue, 16 Dec, 2025 · 18:46 IST

GST demand of about Rs 3.46 crore, company plans to appeal

Regulatory & Legal View source PDFExplain this filing

CANHLIFE · 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
+1.5%Reaction day
₹123.70
prior close
₹124.00
announcement price
After-mkt
timing
Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%+2.2% vs market
Life Insurance peers, median of 5sector-1.2%+2.7% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 2.7 pts more than its Life Insurance 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
5m
-0.6
10m
-0.5
15m
-0.6
30m
-0.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+1.5-0.7+2.2-1.2+2.7
Next day
+3.0-0.8+3.8-0.7+3.7
2d
+3.5+0.5+3.0+0.4+3.1
3d
+8.4+1.5+6.9+0.1+8.3
4d
+13.3+1.9+11.5+0.1+13.2
5d
+17.6+1.9+15.6-0.3+17.9
1w
+21.3+1.2+20.1-1.5+22.8
15d
+19.7+1.0+18.8+1.8+17.9
1m
+13.2-1.9+15.0-0.8+14.0
2m
+22.6-1.4+24.0+0.4+22.2
3m
+19.6-8.8+28.5-6.7+26.3
UpDownMarket · Nifty Smallcap 250Sector · Life Insurance peers, median of 5Pending

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

AI summary

Canara HSBC Life Insurance received a GST demand order of Rs 3.46 crore (tax Rs 1.86 crore, interest Rs 1.42 crore, penalty Rs 0.19 crore) for FY 2021-22 from UP tax authorities. Allegations relate to ITC from cancelled dealers, unsubstantiated zero rated supplies, and GST not charged on ULIP income. Company will file an appeal, says demand is not maintainable and no material impact on financials expected.

Likely market impact

Company is contesting via appeal, no material impact expected. Total demand of Rs 3.46 crore is small relative to overall size.