Crompton Greaves: GST appeal order upheld against company, ₹3.33 cr demand

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CROMPTON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+4.3%Reaction day

₹264.65

prior close

₹266.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.7%+3.6% vs market

Household Appliances peers, median of 23sector+0.6%+3.7% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Smallcap 250 and 3.7 pts more 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

+0.5

10m

+1.3

15m

+2.2

30m

+2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.3+0.7+3.6+0.6+3.7

Next day

+4.7+1.4+3.3+1.4+3.3

+4.3+2.0+2.3+1.4+2.9

+4.6+2.8+1.8+1.6+3.0

+2.7+2.2+0.5+0.6+2.1

+4.0+2.4+1.6+0.9+3.1

+3.2+1.4+1.7+0.0+3.1

15d

-2.0+2.9-5.0-0.4-1.7

-3.3+3.7-6.9+0.3-3.6

-6.9+5.4-12.3+1.6-8.4

-14.3+3.7-18.0-6.4-7.9

UpDownMarket · Nifty Smallcap 250Sector · Household Appliances peers, median of 23Pending

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

AI summary

Crompton Greaves received an order from the Commissioner (Appeals) under SGST Act for FY 2019-20, upholding a demand of ₹3.33 crore (tax ₹1.50 cr + interest ₹1.68 cr + penalty ₹15 lakh). The demand relates to alleged excess ITC claims, short tax payment vs E-waybill records, and ineligible ITC. The company says no material financial impact and plans to appeal further under Section 112 of SGST Act.

Likely market impact

Minor tax demand of ₹3.33 cr; company lost at appellate level but plans further appeal, no material impact stated