Flair Writing Industries Limited has informed the Exchange about General Updates

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FLAIR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.4%Reaction day

₹315.40

prior close

₹320.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-1.6% vs market

Stationary peers, median of 7sector-1.1%-0.3% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.3 pts less than its Stationary 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

-1.1

10m

-1.0

15m

-0.9

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.2-1.6-1.1-0.3

Next day

-0.2+1.1-1.3+2.2-2.4

-1.1+1.4-2.5+2.0-3.0

-0.4+0.7-1.2+0.6-1.0

+0.2+0.7-0.5+2.0-1.8

+1.3-1.2+2.5+0.0+1.3

-0.3-3.7+3.4-3.0+2.7

15d

-3.8-9.0+5.2-10.1+6.3

-3.7-6.8+3.1-9.9+6.2

-1.1-7.6+6.6-12.5+11.5

-8.1-12.3+4.3-14.3+6.2

UpDownMarket · Nifty Microcap 250Sector · Stationary peers, median of 7Pending

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

AI summary

Flair Writing Industries has informed exchanges that CGST authorities have dropped proceedings against the company under Section 74 of the CGST Act, 2017. Earlier in June 2025, the company had received a show cause notice disallowing Input Tax Credit of Rs. 27.54 lakh for FY 2018-19, with potential tax of Rs. 13.77 lakh and equal penalty. After submitting documents and a reply, the tax department has now dropped the proceedings entirely. The company has stated there is no material financial or operational impact from this development.

Likely market impact

Positive outcome for shareholders — the company has successfully defended itself against the GST demand, avoiding a potential liability of around Rs. 27.54 lakh. No material financial impact, so neutral to marginally positive for the stock.