Capacite Infraprojects Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
CAPACITE · price
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.6 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Capacit'e Infraprojects has disclosed an update on GST proceedings that originated from an order by the Assistant Commissioner of State Tax - Maharashtra dated July 30, 2021. On April 02, 2026, the Deputy Commissioner of State Tax (Appellate Authority) issued an order upholding the demands of the same amount as the original order. The company states the amounts are already disclosed as contingent liabilities in their books, so there is no immediate financial impact. The company plans to file an appeal before Higher Appellate Forums within prescribed timelines and believes it has adequate factual and legal grounds to substantiate its position. The company confirms there is no impact on financial operations or other activities.
The appeal outcome at the first appellate level went against the company, but since the amounts are already provided for as contingent liabilities, there should be no direct financial shock. However, investors should monitor if the company succeeds in higher appeals.