Delta Manufacturing Limited has informed the Exchange about General Updates

Regulatory & Legal View source PDF Explain this filing

DELTAMAGNT · price

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

+0.5%Reaction day

₹94.67

prior close

₹97.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+0.5% vs market

Other Industrial Products peers, median of 23sector-0.1%+0.6% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.6 pts more than its Other Industrial Products 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+0.0+0.5-0.1+0.6

Next day

-1.8+0.5-2.3-0.3-1.4

+2.5+1.4+1.0+0.0+2.4

+1.9+1.5+0.4+2.3-0.4

+1.3+1.3-0.0+1.7-0.4

-0.2+1.4-1.6+3.2-3.4

+2.5+1.3+1.1+2.2+0.3

15d

-1.2+3.7-5.0+3.2-4.4

-2.6-0.8-1.9+1.5-4.1

-9.7-2.8-6.9-5.0-4.6

-13.3-2.9-10.4-0.9-12.4

UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 23Pending

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

AI summary

Delta Manufacturing Limited has received a favorable order from the Tamil Nadu GST Assistant Commissioner, Selaiyur Assessment Circle, dropping a show cause notice that was issued under Section 74 of the TNGST/CGST Act for FY 2018-19. The notice, related to GST demand on zero-rated supplies along with penalty and interest aggregating to approximately ₹3.45 crore, was originally issued in the name of MMG India Private Limited (an erstwhile wholly owned subsidiary that merged with the company via NCLT order in December 2019). The company had replied to the notice and the tax department has now withdrawn the proceedings entirely. The company has stated there is no material financial or operational impact from this development.

Likely market impact

This is a positive outcome for shareholders as a potential tax liability of around ₹3.45 crore has been completely withdrawn, removing a contingent liability overhang on the company. The stock is unlikely to see significant movement given the company's statement of no material impact.