Delhivery Limited has informed the Exchange about receipt of show cause notice

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DELHIVERY · price

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

-2.4%Reaction day

₹304.35

prior close

₹304.05

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.2%-1.2% vs market

Logistics Solution Provider peers, median of 37sector-0.9%-1.5% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 1.5 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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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.4-1.2-1.2-0.9-1.5

Next day

-1.3-1.8+0.6-0.9-0.4

+2.3+2.1+0.2+3.1-0.8

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15d

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+34.5+15.1+19.4+12.1+22.5

+52.7+7.7+45.0+4.4+48.3

UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 37Pending

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

AI summary

Delhivery has received a show cause notice (Form DRC-01) dated May 5, 2025 from the Directorate General of GST Intelligence (DGGI), Mumbai Zonal Unit. The notice pertains to a dispute over the applicable GST rate on services provided by the company under the CGST Act, 2017 and IGST Act, 2017. The disputed tax amount is Rs. 49,19,76,037 (approximately Rs. 49.2 crore), along with applicable interest and penalty. The notice covers financial years 2018-19 to 2022-23. The company has stated it intends to contest the notice before the appropriate authorities.

Likely market impact

The potential financial exposure of around Rs. 49.2 crore plus interest and penalty could weigh on Delhivery's financials if the dispute is decided against the company. However, since this is only a show cause notice (not a final order) and the company plans to contest, near-term impact on the stock is likely limited pending resolution.