Update on SGST demand appeal for FY 2019-20

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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

-0.9%Reaction day

₹252.70

prior close

₹249.55

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.3%-0.7% vs market

Household Appliances peers, median of 23sector+0.3%-1.2% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 1.2 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

-1.7

10m

-1.8

15m

-2.0

30m

-2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.3-0.7+0.3-1.2

Next day

-1.5+1.0-2.4+0.8-2.3

-1.9+0.5-2.5+0.6-2.6

+4.9+1.9+3.0+1.6+3.2

+2.9+1.1+1.8+0.8+2.1

+3.0+1.5+1.5+1.1+1.9

+5.0+3.1+1.9+1.6+3.4

15d

-1.7+3.6-5.3+3.6-5.4

-2.9+4.1-7.1+1.4-4.4

-13.1+2.9-16.0-6.1-7.0

-23.2-6.1-17.1-15.2-8.1

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 Consumer Electricals received an order from the Joint Commissioner of State Tax Appeal partially allowing the original SGST demand for FY 2019-20 over Input Tax Credit disallowance. Potential impact is about Rs 5.79 crore in tax, interest and penalty. The company plans to further appeal under Section 112 of the SGST Act and expects a favorable order. Management says there is no material impact on financials.

Likely market impact

Tax appeal partially upheld; company plans further appeal; management views impact as not material to financials.