Customs order: about Rs 20.24 cr IGST demand and penalty, company to appeal

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CARRARO · price

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

+0.9%Reaction day

₹534.90

prior close

₹532.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+0.5% vs market

Auto Components & Equipments peers, median of 123sector-0.4%+1.3% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.3 pts more than its Auto Components & Equipments 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

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Reaction day

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Next day

+1.5+0.9+0.5-0.4+1.9

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 123Pending

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AI summary

Carraro India received an adverse Order-in-Original from the Commissioner of Customs (Nhava Sheva) confirming differential IGST demand of Rs 15.24 crore on certain imports, plus Rs 5 crore penalty under Section 114AA of the Customs Act. The order follows a Show Cause Notice from September 2025 regarding import classification. The company plans to appeal at CESTAT within the prescribed timeline and expects relief, stating no immediate impact on operations or financials.

Likely market impact

Adverse customs order with about Rs 20 crore demand. Company to appeal at CESTAT. No immediate operational impact, but earnings risk if appeal fails.