GST tax demand of Rs 22.58 lakh from UP authority, company to appeal

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

-1.4%Reaction day

₹785.00

prior close

₹789.90

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.9% vs market

Cables - Electricals peers, median of 11sector+1.2%-2.6% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Smallcap 250 and 2.6 pts less than its Cables - Electricals 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

-0.9

10m

-1.2

15m

-1.4

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.4-1.9+1.2-2.6

Next day

-1.9+0.5-2.4+0.0-1.9

-2.3+0.3-2.6-1.6-0.7

-5.5-0.2-5.2-1.5-4.0

-6.8-0.4-6.3-1.5-5.3

-4.3+0.7-5.0-0.4-4.0

-0.2+1.4-1.5+1.6-1.8

15d

-1.2-1.7+0.5-3.6+2.3

-7.9-7.6-0.3-12.7+4.8

+5.1-3.2+8.3-13.0+18.1

+2.9-14.1+17.0-15.8+18.7

UpDownMarket · Nifty Smallcap 250Sector · Cables - Electricals peers, median of 11Pending

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

AI summary

Finolex Cables received a GST order from the Deputy Commissioner, Lucknow on Dec 22, 2025. The order confirms a demand of Rs 22.58 lakh (tax Rs 12.56 lakh, interest Rs 8.56 lakh, penalty Rs 1.45 lakh) related to a mismatch in Input Tax Credit during FY 2021-22. The company says this will not have a major impact on operations and plans to file an appeal before the Appellate Authority.

Likely market impact

Minor tax demand unlikely to materially affect operations; appeal planned.