Delhivery gets GST order of about Rs 66 lakh from Tamil Nadu tax office

Regulatory & Legal View source PDF Explain this filing

DELHIVERY · price

Loading chart…

▲ 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

-0.1%Reaction day

₹508.25

prior close

₹512.25

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.1%-0.2% vs market

Logistics Solution Provider peers, median of 44sector-0.4%+0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.2 pts more than its Logistics Solution Provider 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

-0.3

10m

-1.0

15m

-1.2

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+0.1-0.2-0.4+0.2

Next day

+2.3+0.5+1.7+0.1+2.2

+1.8-0.2+2.0-1.5+3.3

-1.3-2.1+0.8-3.5+2.2

+1.4-0.6+2.0-3.1+4.5

+2.3+0.8+1.6-2.0+4.3

+0.7-0.0+0.7-2.5+3.2

15d

-9.0-2.1-6.8-5.3-3.7

-6.6+1.0-7.7-3.4-3.2

-8.5+2.6-11.1-1.7-6.9

-21.2-1.8-19.4-6.6-14.6

UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 44Pending

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

AI summary

Delhivery received an order from the Tamil Nadu Commercial Tax Officer under Section 74 of the CGST Act for FY 2023-24. The order confirms a tax demand of Rs 27.64 lakh, interest of Rs 10.84 lakh, and a penalty of Rs 27.64 lakh, totaling about Rs 66 lakh, due to disallowance of input tax credit. The company stated there is no material impact on its financials, operations, or other activities and will take necessary steps on the order.

Likely market impact

Minor tax order; company says no material financial impact and plans to take next steps. Stock price unlikely to be affected.