Ecom Express Limited, subsidiary of Delhivery Limited has received an order under the Central Goods and Services Tax Act, 2017 / the Uttar Pradesh Goods and Services Tax Act, 2017
DELHIVERY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.3 pts more than Nifty Smallcap 250 and 3.1 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ecom Express, a subsidiary of Delhivery, has received an order dated March 16, 2026 from the Office of the Deputy Commissioner, Lucknow under Section 74 of the Central/UP GST Act for FY 2019-20. The order confirms a tax demand of approximately ₹52.79 lakh on account of disallowance of input tax credit, along with interest of about ₹61.78 lakh and a penalty of about ₹52.79 lakh, totalling roughly ₹1.67 crore. Ecom Express plans to file an appeal with the appellate authority against this order. The company has stated that there is no material impact on the financials, operations, or other activities of Ecom Express or Delhivery.
The total demand of ~₹1.67 crore is small relative to Delhivery's scale and the company has confirmed no material impact, though the appellate outcome remains to be seen. Shareholders should monitor the appeal progress, but the near-term effect on the stock is likely limited.