GST demand partially upheld at appeal; company to contest further

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

+0.1%Reaction day

₹258.80

prior close

₹260.90

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-0.3% vs market

Household Appliances peers, median of 22sector-0.4%+0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.5 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.

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UpDownMarket · Nifty Smallcap 250Sector · Household Appliances peers, median of 22Pending

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AI summary

Crompton Greaves faced a GST demand of about 3.34 crore rupees (tax 1.57 crore, interest 1.61 crore, penalty 15.7 lakh) for FY 2019-20 on a mismatch between input tax credit claimed in GSTR 3B and that appearing in GSTR 2A. The Commissioner (Appeals) has partially upheld the original order dated December 11, 2025. The company plans to appeal further under Section 112 of the SGST Act and expects a favourable outcome. Management states there is no material impact on financials or other operations.

Likely market impact

Partial loss at GST appeal stage; impact of about 3.34 crore rupees flagged as not material. Further appeal planned.