GST department conducts search at FDC corporate office

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

FDC · price

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

-1.0%Reaction day

₹397.00

prior close

₹394.80

announcement price

After-mkt

timing

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

Pharmaceuticals peers, median of 159sector+0.0%-1.0% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.0 pts less than its Pharmaceuticals 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

-1.5

15m

-1.6

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-0.5-0.5+0.0-1.0

Next day

-1.8-1.0-0.8-0.2-1.6

-4.9-2.5-2.4-1.8-3.1

-6.3-3.2-3.1-2.3-4.0

-4.8-2.2-2.6-2.2-2.6

-4.8-1.9-2.8-1.8-3.0

-7.3-3.5-3.8-2.9-4.4

15d

-7.6-8.8+1.2-6.5-1.0

-6.8-9.3+2.5-6.6-0.2

-11.3-4.5-6.8-3.4-7.9

-4.3+5.4-9.6+3.6-7.8

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 159Pending

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

AI summary

FDC Limited informed exchanges that the Maharashtra GST Department initiated inspection and search proceedings at its corporate office in Andheri West, Mumbai on 10 February 2026. The action, under Section 67 of the Maharashtra GST Act, covers tax payments, input tax credit claims, and refunds. The company says operations continue as usual with no financial impact reported so far.

Likely market impact

Company claims no financial or operational hit. Search outcome could weigh on stock sentiment if any tax issues surface later.