Delta Corp GST demand cut by 8.12 crore after correction

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DELTACORP · price

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

+8.1%Reaction day

₹70.40

prior close

₹75.45

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+7.4% vs market

Leisure Services peers, median of 86sector · industry level+0.5%+7.5% vs sector

On the reaction day the stock moved 7.4 pts more than Nifty Microcap 250 and 7.5 pts more than its Leisure Services 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

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+8.1+0.7+7.4+0.5+7.5

Next day

+5.8pendingpending-0.4+6.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Leisure Services peers, median of 86Pending

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

AI summary

Goa tax officials revised the combined GST demand on casino-entry packages for July 2017 to March 2022 from INR 37.11 crore to INR 28.99 crore. Delta Corp and its two subsidiaries still face INR 28.99 crore in penalties and 18% annual interest on unpaid tax. They are reviewing the orders and may appeal.

Likely market impact

The lower tax demand is positive for shareholders, but penalties and interest remain. A timely appeal could bring further relief.