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AGARWALEYE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.9 pts less than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company received a Show Cause Notice (SCN) dated May 18, 2026 from the Assistant Commissioner, GST & Central Excise, Chennai. The SCN alleges discrepancies in GST returns and statements filed for FY 2023-24, including differences in output turnover, short payment of tax under RCM, excess/incorrect ITC claims, and non-compliance of E-invoicing. The authorities have demanded Rs. 20.50 Crores (including GST, interest, and penalty), with the company required to respond within 30 days. Management states the email was initially overlooked due to spam overload and is now examining the notice. The company claims no material financial or operational impact is expected.
While the SCN carries a Rs. 20.50 crore demand, the company has not acknowledged liability and expects no material impact. However, unresolved GST disputes can escalate to penalties, enforcement action, or reputational risk for a listed entity.