Excel Industries Limited has informed the Exchange about Action(s) taken or orders passed

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EXCELINDUS · price

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

+1.6%Reaction day

₹1132.00

prior close

₹1143.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+2.0% vs market

Specialty Chemicals peers, median of 86sector+0.0%+1.6% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.6 pts more than its Specialty Chemicals 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

+0.1

10m

-0.2

15m

+0.6

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6-0.4+2.0+0.0+1.6

Next day

-0.3+1.0-1.3+0.6-0.9

+0.4+2.3-2.0+1.2-0.8

+1.3+2.0-0.7+0.5+0.8

+0.5+1.8-1.3+0.6-0.2

+0.6+1.5-0.9+0.0+0.6

+1.4+2.4-1.0-0.1+1.5

15d

-0.1+3.3-3.4-0.7+0.6

+0.2+3.9-3.7-0.6+0.8

-16.1+0.4-16.5-7.4-8.7

-18.8-3.2-15.6-11.3-7.5

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 86Pending

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

AI summary

Excel Industries has received Show Cause cum Demand Notices from the Office of the Principal Commissioner of CGST & Central Excise Audit – III, Mumbai, raising a demand of Rs. 4,06,11,539 (approximately Rs. 4.06 crore) plus applicable interest and penalty. The notices relate to the period from FY2019-20 to FY2022-23 and primarily concern alleged non-payment of GST under the Reverse Charge Mechanism (RCM) on certain transactions and disallowance of Input Tax Credit (ITC) claimed by the company. The company has stated there is no material impact on its financial or operational activities and believes the notice lacks merit. It plans to file a detailed reply with supporting evidence within the prescribed timelines to contest the demand.

Likely market impact

The Rs. 4.06 crore demand is relatively small for the company and management sees no material financial impact; however, investors should watch for the outcome of the company's reply, as an adverse order could lead to additional interest and penalty liabilities.