Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Regulatory & Legal View source PDF Explain this filing

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

-2.0%Reaction day

₹1273.00

prior close

₹1247.40

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-3.0%+1.0% vs market

Commodity Chemicals peers, median of 53sector-2.6%+0.6% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 0.6 pts more than its Commodity Chemicals 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

+0.6

10m

+0.6

15m

+0.7

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-3.0+1.0-2.6+0.6

Next day

+0.0-2.7+2.7-2.9+2.9

+2.0-2.7+4.7-1.6+3.7

+3.4-3.1+6.5-2.3+5.7

+0.3-4.5+4.8-3.8+4.1

+4.2-3.4+7.7-3.6+7.8

+9.3-2.6+12.0-3.1+12.4

15d

+10.3-1.7+12.0-4.0+14.3

+22.2-1.0+23.2-3.1+25.3

+18.8+5.3+13.5-5.9+24.7

+14.1+6.3+7.8-4.2+18.2

UpDownMarket · Nifty Smallcap 250Sector · Commodity Chemicals peers, median of 53Pending

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

AI summary

The company received a tax demand order from Deputy Commissioner of State Tax, Nodal-3, Pune dated 31st March 2026. The total demand is Rs. 74.89 crore comprising tax of Rs. 31.04 crore, interest of Rs. 36.09 crore, and penalty of Rs. 7.76 crore. The demand relates to MVAT rate applicable on sale of Natural Gas to a subsidiary company. The company states there is NO violation or contravention as the department erroneously levied 13.5% MVAT rate instead of the applicable 3% rate. The company considers the demand untenable and plans to challenge it at an appropriate forum. The company states there is no material impact on financials, operations or other activities.

Likely market impact

While the demand amount is significant at Rs. 74.89 crore, the company claims no material impact and intends to contest the order. The stock may see minor negative reaction due to the penalty amount disclosed, but management's confidence and lack of violation finding could limit downside.