Announced Wed, 1 Apr · 11:02 IST
Subsidiary DPL faces adverse GST order of ~₹4.3 cr; to appeal further
DEEPAKNTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+7.3%1-day move
₹1282.00
prior close
₹1337.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.2-0.2+0.1+7.3+8.5+8.0+11.2+11.1+15.4+31.6+36.7+30.3+21.4
Up moveDown movePending
AI summary
Deepak Nitrite's wholly-owned subsidiary Deepak Phenotics Ltd received an adverse GST appellate order on 31 March 2026. The Commissioner (Appeal), CGST & Central Excise, Vadodara, upheld recovery of ineligible Input Tax Credit of ~₹2.15 cr (CGST + SGST) and imposed an equal penalty of ~₹2.15 cr, plus applicable interest. DPL will pursue further appeal. Company says no material financial impact beyond the stated amount.
Likely market impact
Modest ~₹4.3 cr hit at subsidiary level; further appeal pending. Company deems it not material overall.