CG Power gets stay order on revised tax demand of about Rs 216 crore

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CGPOWER · price

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

+1.8%Reaction day

₹910.70

prior close

₹910.70

announcement price

After-mkt

timing

Nifty 100market-0.7%+2.5% vs market

Heavy Electrical Equipment peers, median of 34sector-0.2%+1.9% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty 100 and 1.9 pts more than its Heavy Electrical Equipment 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

+0.8

10m

+0.8

15m

+1.3

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.7+2.5-0.2+1.9

Next day

+0.4-0.6+1.1-0.8+1.2

-0.2-1.0+0.9-0.8+0.6

-5.8-2.5-3.3-4.9-0.9

-6.5-2.1-4.4-5.4-1.1

-3.3-1.7-1.6-2.8-0.5

-0.2-1.0+0.7-1.9+1.6

15d

-3.5-5.2+1.7-4.4+0.9

-6.1-5.1-1.0-4.9-1.1

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UpDownMarket · Nifty 100Sector · Heavy Electrical Equipment peers, median of 34Pending

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

AI summary

CG Power received a Revisionary Assessment Order for AY 2022-23 raising a revised tax demand of Rs 236.74 crore, later reduced to Rs 215.59 crore after rectification. Company filed appeal before CIT(A) on 18 May 2026. Stay granted on 7 Sept 2026 subject to paying 20 percent of demand, with Rs 30 crore payable in five installments and balance demand stayed till appeal outcome.

Likely market impact

Stay granted on Rs 215.59 crore tax demand; 20 percent upfront payment required but balance deferred till appeal. Limited near-term cash impact.