Crompton Greaves gets GST demand of 1.5 lakh, plans to appeal

Regulatory & Legal View source PDF Explain this filing

CROMPTON · price

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

-0.7%Reaction day

₹255.10

prior close

₹254.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.1% vs market

Household Appliances peers, median of 21sector+0.4%-1.1% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 1.1 pts less than its Household Appliances 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

-0.2

10m

-0.5

15m

-0.7

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.4-1.1+0.4-1.1

Next day

-1.0-0.4-0.6-0.4-0.6

-2.6-1.1-1.5-0.6-2.0

+0.0-1.2+1.3-1.0+1.1

+0.5+0.1+0.5-1.1+1.6

+1.5+1.0+0.4-1.4+2.8

+0.8+1.5-0.7-1.2+2.1

15d

+1.9+2.4-0.5-3.4+5.3

-1.5-1.2-0.3-7.8+6.4

+7.5-2.5+10.0-4.0+11.5

-3.8-9.7+5.9-11.1+7.3

UpDownMarket · Nifty Smallcap 250Sector · Household Appliances peers, median of 21Pending

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

AI summary

Crompton Greaves Consumer Electricals received a GST demand order of INR 1,50,512 from the Superintendent, Ernakulam Division, Kerala for April 2021 to March 2022. The demand relates to alleged short payment under reverse charge, comprising tax of INR 78,770, interest of INR 51,742, and penalty of INR 20,000. The company plans to appeal before the Commissioner (Appeals) and expects a favourable outcome based on merits and legal advice. Impact on financials is stated at INR 1,50,512.

Likely market impact

Negligible financial impact of about 1.5 lakhs. Company plans to appeal and expects favourable outcome. No material effect on operations.