Tax Show Cause Notice for Rs.120.26 Crore over HSN Classification

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

+5.1%Reaction day

₹247.50

prior close

₹246.50

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.8% vs market

Specialty Chemicals peers, median of 94sector+0.0%+5.0% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 5.0 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

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15m

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30m

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Reaction day

+5.1+1.3+3.8+0.0+5.0

Next day

+26.5+1.6+24.9+0.1+26.4

+20.0+1.7+18.3+0.0+20.0

+22.8+1.6+21.2+1.0+21.9

+20.4+1.5+18.9+0.8+19.5

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+21.3+2.1+19.2+0.6+20.7

15d

+19.3+3.2+16.1+2.2+17.1

+26.9+3.7+23.2+2.6+24.3

+20.6+1.1+19.5-0.8+21.4

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 94Pending

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AI summary

Cochin Minerals & Rutile received a Show Cause Notice on August 4, 2026 from the Additional Commissioner (Audit), Kochi, dated July 31, 2026. It disputes HSN classification of products for FY2020-21 to FY2023-24, prior to an Advanced Ruling obtained by the company. Issued under Section 74 of CGST Act, 2017, it involves a tax amount of Rs.120.26 crores. Company states it does not currently expect any material financial impact.

Likely market impact

Show cause notice involves Rs.120.26 crore disputed tax. Company expects no material impact at this stage. Matter pending.