28.79 crore rupee GST demand issued against subsidiary

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

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%-0.8% vs market

Commodity Chemicals peers, median of 52sector+0.3%-0.4% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and 0.4 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Maharashtra tax authorities ordered wholly owned subsidiary Mahadhan AgriTech to pay Rs. 28.79 crore for July 2017 to March 2018. This includes Rs. 12.94 crore tax, Rs. 14.56 crore interest and Rs. 1.29 crore penalty over GST credit claimed in GSTR-3B. The subsidiary disputes the demand and plans a further appeal.

Likely market impact

The company expects no material impact, but the demand creates cash-flow risk until it is resolved through appeal.