GST authority orders Rs 25.08 crore tax demand plus penalty and interest

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

+1.2%Reaction day

₹1711.00

prior close

₹1710.00

announcement price

After-mkt

timing

Nifty Midcap 150market+1.1%+0.2% vs market

Fertilizers peers, median of 21sector+0.0%+1.2% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 1.2 pts more than its Fertilizers 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.2+1.1+0.2+0.0+1.2

Next day

+1.4+2.0-0.6+2.0-0.6

-0.4pendingpending+1.6-2.0

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15d

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UpDownMarket · Nifty Midcap 150Sector · Fertilizers peers, median of 21Pending

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AI summary

The Vadodara Central GST authority confirmed a demand of Rs 25.08 crore for alleged wrongful input tax credit for FY 2021-22 through FY 2024-25, with equivalent penalty and interest. The company plans to appeal and expects no significant effect on its financials or operations.

Likely market impact

The demand adds penalty and interest, but the company is appealing it and expects no significant effect on operations or financial performance.