Delhivery Limited has informed the Exchange about order passed under GST

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DELHIVERY · price

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

-0.7%Reaction day

₹402.90

prior close

₹403.05

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-0.6% vs market

Logistics Solution Provider peers, median of 45sector+0.0%-0.7% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.7 pts less 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

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10m

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15m

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30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-0.1-0.6+0.0-0.7

Next day

+0.3+0.7-0.3+0.9-0.6

+2.1+1.0+1.2+0.5+1.6

+2.5+0.6+1.9-0.5+3.0

+4.5+0.8+3.7-0.8+5.3

+3.9-1.2+5.0-2.4+6.2

-1.5-3.5+2.0-3.6+2.1

15d

-3.7-8.2+4.5-8.7+5.0

+9.2-7.1+16.2-10.0+19.2

+6.5-6.6+13.1-12.5+18.9

+6.7-11.6+18.3-21.4+28.1

UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 45Pending

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

AI summary

Delhivery's subsidiary Ecom Express Limited has received a GST order dated December 30, 2025, from the Excise and Taxation Officer of Panipat, Haryana, for financial year 2021-22. The order, passed under Section 73 of the CGST/Haryana GST Act, 2017, demands a tax of about ₹1.38 crore, interest of about ₹1.04 crore, and a penalty of about ₹13.8 lakh, totaling roughly ₹2.56 crore. The demand relates to a disallowance of input tax credit. Ecom Express plans to file an appeal with the appellate authority.

Likely market impact

Delhivery has stated there is no material impact on the financials, operations, or activities of the subsidiary or the company. The amount is small relative to Delhivery's overall scale, but the appeal outcome will determine any actual hit to earnings.