Delta Corp Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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DELTACORP · price

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

-2.2%Reaction day

₹55.14

prior close

₹54.61

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.8%+0.6% vs market

Leisure Services peers, median of 82sector · industry level-2.1%-0.2% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.2 pts less 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

-1.7

10m

-1.1

15m

-1.1

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-2.8+0.6-2.1-0.2

Next day

-2.4-2.0-0.4-1.7-0.7

-8.4-6.5-1.9-6.3-2.2

-5.7-3.8-1.9-5.6-0.1

-3.0-1.5-1.5-5.6+2.6

-1.5-4.3+2.8-8.3+6.8

+0.7-2.8+3.4-6.6+7.2

15d

+11.0+8.2+2.8+5.9+5.1

+11.6+10.1+1.5+6.2+5.4

+26.0+12.4+13.5+2.9+23.1

+19.7+23.5-3.8+5.8+13.9

UpDownMarket · Nifty Microcap 250Sector · Leisure Services peers, median of 82Pending

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

AI summary

Delta Corp and its subsidiary Highstreet Cruises and Entertainment have received GST tax demand notices dated March 17, 2026, for FY 2022-23. The alleged tax shortfall (including interest and penalty) is INR 1,350.26 crore for Delta Corp and INR 402.13 crore for its subsidiary, totaling about INR 1,752 crore. The demand relates to GST calculation on gross bet value rather than gross gaming revenue, which the company describes as an industry-wide issue. Similar earlier demands for the period July 2017 to March 2022 are already stayed by the Supreme Court pending final disposal of petitions. The company has been legally advised that the notices are arbitrary and plans to pursue all available legal remedies to challenge them.

Likely market impact

This is a large potential tax liability that could create near-term uncertainty for shareholders, but the Supreme Court's earlier stay on similar demands provides some comfort. Investors should monitor legal proceedings closely, as an adverse outcome could materially impact the company's financials.